| ERX latest price $62.7800 (-1.2%) ($60.7200 - $63.1200) on Thu. Dec. 15, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.42% (three month average) |
RSI | 31 |
Latest Price | $62.7800(-1.2%) |
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 -6.4% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support ERX advance at 0% a week (0% probability) OIH(87%) IWD(60%) DIA(54%) IWN(52%) IWM(50%) |
Factors Impacting ERX price | ERX will decline at least -2.21% in a week (0% probabilities). SHY(-25%) BNDX(-23%) VIXM(-6%) TBT(-6%) BWX(-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 | -2.21% (StdDev 4.42%) |
Hourly BBV | -0.7 () |
Intraday Trend | 1.1% |
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