| ERX latest price $65.7300 (0.78%) ($62.7210 - $66.2200) on Tue. May. 24, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.59% (three month average) |
RSI | 55 |
Latest Price | $65.7300(0.78%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 0.2% a day on average for past five trading days. |
Weekly Trend | ERX advances 3.5% a week on average for past two weeks. |
Market Behavior | Growth stock sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support ERX advance at 0% a week (0% probability) OIH(91%) XLE(63%) IWD(60%) XOP(60%) IFRA(56%) |
Factors Impacting ERX price | ERX will decline at least -2.295% in a week (0% probabilities). UUP(-22%) VIXM(-21%) SHY(-12%) BNDX(-9%) VXX(-4%) |
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 | -2.295% (StdDev 4.59%) |
Hourly BBV | 1.2 () |
Intraday Trend | 3.1% |
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