| ERX latest price $52.4900 (-0.72%) ($52.3800 - $53.5500) on Mon. May. 22, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.35% (three month average) |
RSI | 43 |
Latest Price | $52.4900(-0.72%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 0.2% a day on average for past five trading days. |
Weekly Trend | ERX declines -1.4% 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(92%) OIH(84%) USO(68%) VYM(63%) |
Factors Impacting ERX price | ERX will decline at least -1.675% in a week (0% probabilities). VXX(-19%) VIXM(-15%) UUP(-12%) BWX(-8%) SHY(-7%) |
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 | -1.675% (StdDev 3.35%) |
Hourly BBV | 0.6 () |
Intraday Trend | -0.1% |
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