| ERX latest price $66.9000 (1.36%) ($64.8100 - $67.1100) on Tue. Jan. 10, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.7% (three month average) |
RSI | 61 |
Latest Price | $66.9000(1.36%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 1.6% a day on average for past five trading days. |
Weekly Trend | ERX advances 1.2% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support ERX advance at 0% a week (0% probability) XLE(99%) XOP(93%) OIH(86%) USO(69%) VYM(65%) |
Factors Impacting ERX price | ERX will decline at least -1.85% in a week (0% probabilities). VIXM(-29%) SHY(-27%) BNDX(-23%) BND(-16%) UUP(-15%) |
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 | -1.85% (StdDev 3.7%) |
Hourly BBV | 0.3 () |
Intraday Trend | 0.3% |
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