| ERX latest price $57.8400 (5.05%) ($56.2100 - $58.3400) on Fri. Sep. 9, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.05% (three month average) |
RSI | 54 |
Latest Price | $57.8400(5.05%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 1% a day on average for past five trading days. |
Weekly Trend | ERX declines -3.2% 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(63%) DIA(58%) IWN(57%) IWM(56%) |
Factors Impacting ERX price | ERX will decline at least -2.525% in a week (0% probabilities). UUP(-22%) VIXM(-16%) SHY(-12%) TBT(-8%) EDOC(-8%) |
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 | -2.525% (StdDev 5.05%) |
Hourly BBV | 1.9 () |
Intraday Trend | 1.3% |
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