| ERX latest price $70.1700 (0.21%) ($69.7400 - $71.7400) on Tue. Jan. 17, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.47% (three month average) |
RSI | 59 |
Latest Price | $70.1700(0.21%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 1.2% a day on average for past five trading days. |
Weekly Trend | ERX advances 2.4% a week on average for past two weeks. |
Market Behavior | Value stocks sell-off for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support ERX advance at 0% a week (0% probability) XLE(99%) XOP(93%) OIH(86%) USO(70%) VYM(66%) |
Factors Impacting ERX price | ERX will decline at least -1.735% in a week (0% probabilities). VIXM(-30%) SHY(-28%) BNDX(-23%) BND(-16%) VXX(-14%) |
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 | -1.735% (StdDev 3.47%) |
Hourly BBV | 0.1 () |
Intraday Trend | -0.5% |
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