| ERX latest price $56.6600 (5.55%) ($54.7800 - $56.7400) on Thu. Aug. 18, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.99% (three month average) |
RSI | 51 |
Latest Price | $56.6600(5.55%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 0.8% a day on average for past five trading days. |
Weekly Trend | ERX advances 3.1% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support ERX advance at 0% a week (0% probability) OIH(90%) IWD(61%) DIA(55%) IWM(55%) IWN(55%) |
Factors Impacting ERX price | ERX will decline at least -2.495% in a week (0% probabilities). UUP(-21%) VIXM(-16%) SHY(-11%) EDOC(-7%) BNDX(-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 | -2.495% (StdDev 4.99%) |
Hourly BBV | 1.5 () |
Intraday Trend | 3.4% |
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