| ERX latest price $69.8800 (0.75%) ($67.4200 - $72.0500) on Fri. Oct. 28, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.62% (three month average) |
RSI | 76 |
Latest Price | $69.8800(0.75%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 1% a day on average for past five trading days. |
Weekly Trend | ERX advances 9.3% 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(87%) IWD(60%) DIA(54%) IWN(53%) IWM(52%) |
Factors Impacting ERX price | ERX will decline at least -2.31% 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 | -2.31% (StdDev 4.62%) |
Hourly BBV | -0.3 () |
Intraday Trend | -1.6% |
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