| ERX latest price $63.6200 (9.22%) ($62.5900 - $64.3400) on Mon. Apr. 3, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.56% (three month average) |
RSI | 59 |
Latest Price | $63.6200(9.22%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 3.5% a day on average for past five trading days. |
Weekly Trend | ERX advances 6.2% a week on average for past two weeks. |
Market Behavior | Growth stock rally 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(72%) VYM(67%) |
Factors Impacting ERX price | ERX will decline at least -1.78% in a week (0% probabilities). VXX(-26%) VIXM(-22%) SHY(-18%) UUP(-12%) BNDX(-11%) |
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 | -1.78% (StdDev 3.56%) |
Hourly BBV | 1.5 () |
Intraday Trend | 0.3% |
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