| ERX latest price $64.4900 (3.9%) ($63.4400 - $65.4800) on Tue. Dec. 13, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.51% (three month average) |
RSI | 30 |
Latest Price | $64.4900(3.9%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 0.5% a day on average for past five trading days. |
Weekly Trend | ERX declines -7.5% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support ERX advance at 0% a week (0% probability) OIH(87%) IWD(61%) DIA(54%) IWN(52%) IWM(51%) |
Factors Impacting ERX price | ERX will decline at least -2.255% in a week (0% probabilities). SHY(-24%) BNDX(-23%) VIXM(-6%) TBT(-6%) UUP(-5%) |
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 | -2.255% (StdDev 4.51%) |
Hourly BBV | 1.3 () |
Intraday Trend | -0.5% |
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