| ERX latest price $50.9200 (1.39%) ($48.4800 - $51.5200) on Wed. Aug. 10, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.01% (three month average) |
RSI | 60 |
Latest Price | $50.9200(1.39%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 0.4% a day on average for past five trading days. |
Weekly Trend | ERX advances 0.2% 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%) IWN(54%) IWM(53%) |
Factors Impacting ERX price | ERX will decline at least -2.505% in a week (0% probabilities). UUP(-20%) VIXM(-16%) SHY(-12%) BNDX(-8%) EDOC(-7%) |
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 | -2.505% (StdDev 5.01%) |
Hourly BBV | 0.8 () |
Intraday Trend | 0.9% |
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