| ERX latest price $71.1500 (2.76%) ($70.2200 - $72.1000) on Tue. Nov. 29, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.57% (three month average) |
RSI | 45 |
Latest Price | $71.1500(2.76%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 0.1% a day on average for past five trading days. |
Weekly Trend | ERX declines -0.7% a week on average for past two weeks. |
Market Behavior | Growth stock sell-off for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support ERX advance at 0% a week (0% probability) OIH(87%) IWD(61%) DIA(55%) IWN(53%) IWM(52%) |
Factors Impacting ERX price | ERX will decline at least -2.285% in a week (0% probabilities). SHY(-23%) BNDX(-21%) VIXM(-8%) EDOC(-8%) UUP(-7%) |
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 | -2.285% (StdDev 4.57%) |
Hourly BBV | -0.3 () |
Intraday Trend | 0.6% |
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