| FE latest price $38.5000 (1.88%) ($37.5700 - $38.6350) on Wed. Jun. 7, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.4% (three month average) |
RSI | 49 |
Latest Price | $38.5000(1.88%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | FE advances 0.6% a day on average for past five trading days. |
Market Behavior | Growth stock sell-off for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support FE advance at 0% a week (0% probability) XLU(87%) SPLV(71%) IFRA(64%) SDY(58%) XLRE(56%) |
Factors Impacting FE price | FE will decline at least -0.7% in a week (0% probabilities). TBT(-28%) VXX(-24%) VIXM(-17%) UUP(-14%) BWX(-9%) |
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 | -0.7% (StdDev 1.4%) |
Hourly BBV | 1.9 () |
Intraday Trend | 1.4% |
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