| ERX latest price $45.9300 (-1.75%) ($45.3900 - $47.9600) on Fri. Jul. 22, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.41% (three month average) |
RSI | 45 |
Latest Price | $45.9300(-1.75%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 1.3% a day on average for past five trading days. |
Weekly Trend | ERX advances 1.8% 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(90%) IWD(60%) DIA(54%) IFRA(54%) IWM(54%) |
Factors Impacting ERX price | ERX will decline at least -2.705% in a week (0% probabilities). UUP(-21%) VIXM(-17%) SHY(-13%) BNDX(-8%) 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 | -2.705% (StdDev 5.41%) |
Hourly BBV | -0.7 () |
Intraday Trend | -2.3% |
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