| ERX latest price $57.9800 (0.89%) ($57.3200 - $58.7500) on Fri. Nov. 24, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.66% (three month average) |
RSI | 39 |
Latest Price | $57.9800(0.89%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 0.9% a day on average for past five trading days. |
Weekly Trend | ERX advances 0.4% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support ERX advance at 0% a week (0% probability) XOP(94%) OIH(92%) XME(79%) SPY(73%) USO(72%) |
Factors Impacting ERX price | ERX will decline at least -1.33% in a week (0% probabilities). UUP(-32%) VXX(-27%) SHY(-20%) BNDX(-16%) VIXM(-12%) |
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 () |
Intraday Trend | 1.2% |
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