| ERX latest price $72.5200 (3.45%) ($70.4700 - $73.5500) on Wed. Jun. 1, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.53% (three month average) |
RSI | 80 |
Latest Price | $72.5200(3.45%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 2% a day on average for past five trading days. |
Weekly Trend | ERX advances 8.4% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Growth stock sell-off for small cap. |
Correlated ETFs | Broad market will support ERX advance at 0% a week (0% probability) OIH(91%) XLE(62%) IWD(60%) XOP(60%) IFRA(56%) |
Factors Impacting ERX price | ERX will decline at least -2.265% in a week (0% probabilities). UUP(-22%) VIXM(-20%) 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 | -2.265% (StdDev 4.53%) |
Hourly BBV | 0.4 () |
Intraday Trend | -3.1% |
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