| ERX latest price $53.1600 (-4.27%) ($51.8100 - $53.9000) on Mon. Aug. 1, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.47% (three month average) |
RSI | 71 |
Latest Price | $53.1600(-4.27%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 1.5% a day on average for past five trading days. |
Weekly Trend | ERX advances 9.5% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support ERX advance at 0% a week (0% probability) OIH(90%) IWD(60%) DIA(54%) IWN(54%) IFRA(53%) |
Factors Impacting ERX price | ERX will decline at least -2.735% in a week (0% probabilities). UUP(-21%) VIXM(-17%) SHY(-12%) BNDX(-7%) EDOC(-6%) |
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 | -2.735% (StdDev 5.47%) |
Hourly BBV | 0.3 () |
Intraday Trend | -0.5% |
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