| ERX latest price $52.9700 (2.06%) ($50.9000 - $53.0600) on Wed. Jun. 28, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.94% (three month average) |
RSI | 50 |
Latest Price | $52.9700(2.06%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 0.3% a day on average for past five trading days. |
Weekly Trend | ERX declines -3% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Growth stock rally 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(60%) |
Factors Impacting ERX price | ERX will decline at least -1.47% in a week (0% probabilities). VXX(-18%) UUP(-15%) VIXM(-14%) TBT(-5%) BNDX(-5%) |
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 | -1.47% (StdDev 2.94%) |
Hourly BBV | 1.8 () |
Intraday Trend | 1.9% |
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