| ERX latest price $56.3600 (-0.48%) ($53.7800 - $57.0400) on Mon. Aug. 22, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.98% (three month average) |
RSI | 56 |
Latest Price | $56.3600(-0.48%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 1.2% a day on average for past five trading days. |
Weekly Trend | ERX advances 6% a week on average for past two weeks. |
Market Behavior | Broad based 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(61%) DIA(56%) IWM(55%) IWN(55%) |
Factors Impacting ERX price | ERX will decline at least -2.49% in a week (0% probabilities). UUP(-22%) VIXM(-16%) SHY(-11%) EDOC(-7%) TBT(-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 | -2.49% (StdDev 4.98%) |
Hourly BBV | 0 () |
Intraday Trend | 1.3% |
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