| ERX latest price $62.8700 (0.77%) ($59.4000 - $63.0100) on Tue. Aug. 8, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.47% (three month average) |
RSI | 77 |
Latest Price | $62.8700(0.77%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 0.1% a day on average for past five trading days. |
Weekly Trend | ERX advances 2.4% a week on average for past two weeks. |
Market Behavior | Broad based sell-off 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(87%) USO(70%) VYM(56%) |
Factors Impacting ERX price | ERX will decline at least -1.235% in a week (0% probabilities). VXX(-15%) UUP(-13%) VIXM(-10%) BNDX(-10%) SHY(-8%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.235% (StdDev 2.47%) |
Hourly BBV | 0.4 () |
Intraday Trend | 4% |
| |
|
|