| ERX latest price $50.6100 (4.67%) ($48.0100 - $51.0600) on Wed. Jul. 27, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 5.46% (three month average) |
RSI | 60 |
Latest Price | $50.6100(4.67%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 0.9% a day on average for past five trading days. |
Weekly Trend | ERX advances 4.3% 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(90%) IWD(60%) DIA(54%) IFRA(54%) IWM(54%) |
Factors Impacting ERX price | ERX will decline at least -2.73% in a week (0% probabilities). UUP(-21%) VIXM(-17%) SHY(-13%) BNDX(-8%) VXX(-3%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.73% (StdDev 5.46%) |
Hourly BBV | 2.1 () |
Intraday Trend | 3.1% |
| |
|
|