| ERX latest price $57.4100 (6.04%) ($55.2900 - $57.5000) on Thu. Dec. 14, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.73% (three month average) |
RSI | 47 |
Latest Price | $57.4100(6.04%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 1.6% a day on average for past five trading days. |
Weekly Trend | ERX declines -2.5% a week on average for past two weeks. |
Market Behavior | Value stock 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%) SKYY(75%) ONLN(87%) IWM(72%) IWC(70%) |
Factors Impacting ERX price | ERX will decline at least -1.365% in a week (0% probabilities). UUP(-34%) VXX(-24%) BNDX(-11%) VIXM(-8%) TBT(-7%) |
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 | -1.365% (StdDev 2.73%) |
Hourly BBV | 1.5 () |
Intraday Trend | 3.8% |
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