| ERX latest price $57.8400 (0.23%) ($57.8200 - $58.8000) on Mon. Nov. 20, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.66% (three month average) |
RSI | 48 |
Latest Price | $57.8400(0.23%) |
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 -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) XOP(94%) OIH(92%) XME(74%) USO(72%) IBUY(65%) |
Factors Impacting ERX price | ERX will decline at least -1.33% in a week (0% probabilities). UUP(-34%) VXX(-25%) BNDX(-13%) SHY(-12%) VIXM(-9%) |
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 | -1.33% (StdDev 2.66%) |
Hourly BBV | 0.8 () |
Intraday Trend | -0.7% |
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