| ERX latest price $61.1200 (-2.95%) ($60.8700 - $62.8800) on Thu. Apr. 6, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.57% (three month average) |
RSI | 72 |
Latest Price | $61.1200(-2.95%) |
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 8.7% 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(71%) VYM(67%) |
Factors Impacting ERX price | ERX will decline at least -1.785% in a week (0% probabilities). VXX(-26%) VIXM(-21%) SHY(-16%) UUP(-11%) SMH(-9%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.785% (StdDev 3.57%) |
Hourly BBV | -0.8 () |
Intraday Trend | -2.6% |
| |
|
|