| ERX latest price $57.6100 (-0.41%) ($57.4720 - $59.0820) on Wed. Nov. 15, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.6% (three month average) |
RSI | 41 |
Latest Price | $57.6100(-0.41%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 0.9% a day on average for past five trading days. |
Weekly Trend | ERX declines -1.9% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support ERX advance at 0% a week (0% probability) XOP(95%) OIH(92%) XME(76%) USO(75%) SPY(65%) |
Factors Impacting ERX price | ERX will decline at least -1.3% in a week (0% probabilities). UUP(-33%) VXX(-26%) BNDX(-14%) SHY(-6%) TLT(-4%) |
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 | -1.3% (StdDev 2.6%) |
Hourly BBV | 0.1 () |
Intraday Trend | 0.1% |
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