| ERX latest price $54.8600 (-1.15%) ($54.5600 - $55.9400) on Fri. Jun. 9, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.41% (three month average) |
RSI | 55 |
Latest Price | $54.8600(-1.15%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 0.7% a day on average for past five trading days. |
Weekly Trend | ERX advances 1.7% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support ERX advance at 0% a week (0% probability) XLE(99%) XOP(93%) OIH(84%) USO(68%) VYM(63%) |
Factors Impacting ERX price | ERX will decline at least -1.705% in a week (0% probabilities). VXX(-20%) VIXM(-15%) UUP(-12%) BWX(-9%) SHY(-8%) |
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 | -1.705% (StdDev 3.41%) |
Hourly BBV | -1.4 () |
Intraday Trend | -1% |
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