| ERX latest price $57.6300 (1.87%) ($57.5700 - $59.3000) on Mon. Dec. 18, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.72% (three month average) |
RSI | 49 |
Latest Price | $57.6300(1.87%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 1.2% a day on average for past five trading days. |
Weekly Trend | ERX declines -1.2% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support ERX advance at 0% a week (0% probability) OIH(90%) IDRV(89%) DRIV(81%) ONLN(88%) PAVE(79%) |
Factors Impacting ERX price | ERX will decline at least -1.36% in a week (0% probabilities). EDOC(-76%) UUP(-40%) TBT(-39%) SHY(-1%) XLP(-0%) |
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 | -1.36% (StdDev 2.72%) |
Hourly BBV | 0.7 () |
Intraday Trend | -1.3% |
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