| ERX latest price $66.0500 (-3.69%) ($65.6900 - $68.5700) on Fri. Oct. 20, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.44% (three month average) |
RSI | 55 |
Latest Price | $66.0500(-3.69%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 0.3% a day on average for past five trading days. |
Weekly Trend | ERX advances 4.9% 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(92%) OIH(83%) USO(65%) VYM(61%) |
Factors Impacting ERX price | ERX will decline at least -1.22% in a week (0% probabilities). UUP(-25%) SHY(-15%) BNDX(-15%) VCSH(-5%) BND(-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 | -1.22% (StdDev 2.44%) |
Hourly BBV | -1.6 () |
Intraday Trend | -3.2% |
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