| FE latest price $28.9400 (-2.36%) ($28.6550 - $29.8900) on Wed. Aug. 5, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.9% (three month average) |
RSI | 23 |
Latest Price | $28.9400(-2.36%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | FE advances 0.2% a day on average for past five trading days. |
Weekly Trend | FE declines -11.4% 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 FE advance at 0% a week (0% probability) SPLV(61%) IFRA(53%) SDY(52%) XLU(50%) IWD(47%) |
Factors Impacting FE price | FE will decline at least -1.95% in a week (0% probabilities). VIXM(-26%) UUP(-13%) IGOV(-8%) VXX(-7%) TBT(-7%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.95% (StdDev 3.9%) |
Hourly BBV | -0.6 () |
Intraday Trend | -3.2% |
| |
|
|