| ERX latest price $56.5700 (-1.46%) ($55.8000 - $56.9000) on Fri. Dec. 15, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.71% (three month average) |
RSI | 46 |
Latest Price | $56.5700(-1.46%) |
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 stocks sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support ERX advance at 0% a week (0% probability) OIH(92%) SKYY(74%) IVE(66%) ONLN(87%) IWM(71%) |
Factors Impacting ERX price | ERX will decline at least -1.355% in a week (0% probabilities). UUP(-33%) VXX(-22%) TBT(-17%) VIXM(-7%) BNDX(-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 | -1.355% (StdDev 2.71%) |
Hourly BBV | 0.5 () |
Intraday Trend | 0% |
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