| ERX latest price $63.5400 (-1.47%) ($62.4900 - $65.7500) on Wed. Dec. 14, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.47% (three month average) |
RSI | 31 |
Latest Price | $63.5400(-1.47%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 0.3% a day on average for past five trading days. |
Weekly Trend | ERX declines -6.9% a week on average for past two weeks. |
Market Behavior | Broad based 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(54%) IWN(52%) IWM(51%) |
Factors Impacting ERX price | ERX will decline at least -2.235% 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 | -2.235% (StdDev 4.47%) |
Hourly BBV | 0.6 () |
Intraday Trend | -2.6% |
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