| ERX latest price $71.4300 (3.61%) ($67.6600 - $72.2200) on Thu. Nov. 3, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.45% (three month average) |
RSI | 87 |
Latest Price | $71.4300(3.61%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 0.6% a day on average for past five trading days. |
Weekly Trend | ERX advances 8.2% a week on average for past two weeks. |
Market Behavior | Growth stock sell-off for large cap. Value stock sell-off for small cap. |
Correlated ETFs | Broad market will support ERX advance at 0% a week (0% probability) OIH(87%) IWD(61%) DIA(55%) IWN(54%) IWM(53%) |
Factors Impacting ERX price | ERX will decline at least -2.225% in a week (0% probabilities). SHY(-21%) BNDX(-20%) UUP(-12%) VIXM(-9%) 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 | -2.225% (StdDev 4.45%) |
Hourly BBV | 0.5 () |
Intraday Trend | 5.2% |
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