| ERX latest price $66.9800 (-3.42%) ($65.2600 - $67.7500) on Wed. Feb. 15, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.39% (three month average) |
RSI | 36 |
Latest Price | $66.9800(-3.42%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 0.4% a day on average for past five trading days. |
Weekly Trend | ERX declines -1.3% a week on average for past two weeks. |
Market Behavior | Value stock 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(94%) OIH(87%) USO(71%) VYM(68%) |
Factors Impacting ERX price | ERX will decline at least -1.695% in a week (0% probabilities). VIXM(-29%) SHY(-29%) BNDX(-22%) 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 | -1.695% (StdDev 3.39%) |
Hourly BBV | -1.1 () |
Intraday Trend | -1.1% |
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