| ERX latest price $54.1400 (2.62%) ($52.3100 - $54.2100) on Wed. Dec. 13, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.63% (three month average) |
RSI | 37 |
Latest Price | $54.1400(2.62%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 0.1% a day on average for past five trading days. |
Weekly Trend | ERX declines -3.4% 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) OIH(92%) ONLN(87%) SKYY(76%) IVE(67%) IWM(70%) |
Factors Impacting ERX price | ERX will decline at least -1.315% in a week (0% probabilities). UUP(-34%) VXX(-27%) VIXM(-12%) BNDX(-11%) TBT(-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 | -1.315% (StdDev 2.63%) |
Hourly BBV | 0.8 () |
Intraday Trend | 2.6% |
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