| ERX latest price $57.9100 (-2%) ($57.7800 - $60.1100) on Wed. Dec. 20, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.73% (three month average) |
RSI | 50 |
Latest Price | $57.9100(-2%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 1.3% a day on average for past five trading days. |
Weekly Trend | ERX advances 1.5% a week on average for past two weeks. |
Market Behavior | Broad based 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) IDRV(89%) ONLN(88%) DRIV(81%) OIH(90%) PAVE(79%) |
Factors Impacting ERX price | ERX will decline at least -1.365% in a week (0% probabilities). UUP(-40%) TBT(-39%) SHY(-1%) XLP(-0%) SPLV(1%) |
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 | -0.7 () |
Intraday Trend | -2.6% |
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