| ERX latest price $54.3700 (-2%) ($53.0600 - $55.2600) on Tue. Mar. 22, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.66% (three month average) |
RSI | 58 |
Latest Price | $54.3700(-2%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 2.3% a day on average for past five trading days. |
Weekly Trend | ERX declines -1.2% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support ERX advance at 0% a week (0% probability) OIH(91%) XLE(69%) XOP(65%) IWD(59%) IFRA(56%) |
Factors Impacting ERX price | ERX will decline at least -1.83% in a week (0% probabilities). VIXM(-25%) UUP(-21%) SHY(-12%) BNDX(-8%) VXX(-5%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -1.83% (StdDev 3.66%) |
Hourly BBV | 0.4 () |
Intraday Trend | -0.7% |
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