| ERX latest price $71.7500 (-3.94%) ($71.4600 - $74.6300) on Fri. Jan. 27, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.48% (three month average) |
RSI | 67 |
Latest Price | $71.7500(-3.94%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 0.3% a day on average for past five trading days. |
Weekly Trend | ERX advances 3.1% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Value stock 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(70%) VYM(67%) |
Factors Impacting ERX price | ERX will decline at least -1.74% in a week (0% probabilities). VIXM(-30%) SHY(-29%) BNDX(-24%) BND(-17%) 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 | -1.74% (StdDev 3.48%) |
Hourly BBV | 0.4 () |
Intraday Trend | -2.8% |
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