| ERX latest price $61.9400 (6.04%) ($58.0500 - $62.0700) on Thu. Nov. 2, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.58% (three month average) |
RSI | 42 |
Latest Price | $61.9400(6.04%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 0.4% a day on average for past five trading days. |
Weekly Trend | ERX declines -6.3% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support ERX advance at 0% a week (0% probability) XOP(92%) OIH(86%) IWD(66%) VYM(65%) XME(65%) |
Factors Impacting ERX price | ERX will decline at least -1.29% in a week (0% probabilities). UUP(-30%) VXX(-27%) VIXM(-15%) BNDX(-11%) SHY(-10%) |
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 | -1.29% (StdDev 2.58%) |
Hourly BBV | 1.7 () |
Intraday Trend | 5.5% |
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