| ERX latest price $64.6500 (-1.75%) ($64.5520 - $66.1900) on Thu. Feb. 9, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.37% (three month average) |
RSI | 39 |
Latest Price | $64.6500(-1.75%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 0.3% a day on average for past five trading days. |
Weekly Trend | ERX declines -4.7% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support ERX advance at 0% a week (0% probability) XLE(99%) XOP(94%) OIH(87%) USO(70%) VYM(67%) |
Factors Impacting ERX price | ERX will decline at least -1.685% in a week (0% probabilities). VIXM(-29%) 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 | -1.685% (StdDev 3.37%) |
Hourly BBV | -1.1 () |
Intraday Trend | -2% |
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