| ERX latest price $54.8400 (2.22%) ($54.0550 - $55.3400) on Fri. Jun. 30, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.93% (three month average) |
RSI | 45 |
Latest Price | $54.8400(2.22%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 1.9% a day on average for past five trading days. |
Weekly Trend | ERX declines -1.2% a week on average for past two weeks. |
Market Behavior | Broad based rally 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(92%) OIH(84%) USO(68%) VYM(59%) |
Factors Impacting ERX price | ERX will decline at least -1.465% in a week (0% probabilities). VXX(-18%) UUP(-15%) VIXM(-14%) EDOC(-14%) TBT(-6%) |
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 | -1.465% (StdDev 2.93%) |
Hourly BBV | 1.3 () |
Intraday Trend | 0% |
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