| ERX latest price $61.2100 (-2.5%) ($59.5700 - $61.8400) on Fri. Dec. 16, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.4% (three month average) |
RSI | 35 |
Latest Price | $61.2100(-2.5%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 0.7% a day on average for past five trading days. |
Weekly Trend | ERX declines -5.7% 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(60%) DIA(53%) IWN(51%) IWM(50%) |
Factors Impacting ERX price | ERX will decline at least -2.2% in a week (0% probabilities). SHY(-25%) BNDX(-23%) TBT(-7%) VIXM(-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 | -2.2% (StdDev 4.4%) |
Hourly BBV | -0.5 () |
Intraday Trend | 0.8% |
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