| ERX latest price $64.1300 (1.23%) ($62.7900 - $64.4200) on Thu. Apr. 13, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.57% (three month average) |
RSI | 83 |
Latest Price | $64.1300(1.23%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 0.4% a day on average for past five trading days. |
Weekly Trend | ERX advances 7.5% a week on average for past two weeks. |
Market Behavior | Broad based 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(93%) OIH(85%) USO(70%) VYM(67%) |
Factors Impacting ERX price | ERX will decline at least -1.785% in a week (0% probabilities). VXX(-25%) VIXM(-20%) SHY(-15%) BWX(-11%) UUP(-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 | -1.785% (StdDev 3.57%) |
Hourly BBV | 1.7 () |
Intraday Trend | 1.4% |
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