| ERX latest price $68.8700 (2.7%) ($67.5320 - $70.0000) on Wed. Oct. 26, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.64% (three month average) |
RSI | 64 |
Latest Price | $68.8700(2.7%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 1.9% a day on average for past five trading days. |
Weekly Trend | ERX advances 7.7% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support ERX advance at 0% a week (0% probability) OIH(87%) IWD(60%) DIA(55%) IWN(53%) IWM(52%) |
Factors Impacting ERX price | ERX will decline at least -2.32% in a week (0% probabilities). SHY(-20%) BNDX(-20%) UUP(-12%) VIXM(-9%) TBT(-3%) |
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 | -2.32% (StdDev 4.64%) |
Hourly BBV | 1.3 () |
Intraday Trend | 1.5% |
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