| ERX latest price $67.2200 (0.48%) ($65.8400 - $68.3400) on Wed. Jan. 11, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.69% (three month average) |
RSI | 59 |
Latest Price | $67.2200(0.48%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 1.7% 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 -1.845% 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 | -1.845% (StdDev 3.69%) |
Hourly BBV | 0.9 () |
Intraday Trend | -1.1% |
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