| ERX latest price $62.1100 (1.62%) ($61.6000 - $63.4800) on Mon. Apr. 10, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.6% (three month average) |
RSI | 70 |
Latest Price | $62.1100(1.62%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 1.3% a day on average for past five trading days. |
Weekly Trend | ERX advances 8.9% a week on average for past two weeks. |
Market Behavior | Normal 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(93%) OIH(86%) USO(72%) VYM(67%) |
Factors Impacting ERX price | ERX will decline at least -1.8% in a week (0% probabilities). VXX(-25%) VIXM(-21%) SHY(-16%) UUP(-11%) SMH(-10%) |
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 | -1.8% (StdDev 3.6%) |
Hourly BBV | 0.2 () |
Intraday Trend | 0.8% |
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