| FE latest price $39.5400 (1.33%) ($38.7800 - $39.8700) on Wed. Jul. 5, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.06% (three month average) |
RSI | 60 |
Latest Price | $39.5400(1.33%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | FE advances 0.4% a day on average for past five trading days. |
Weekly Trend | FE declines -0.1% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support FE advance at 0% a week (0% probability) XLU(89%) SPLV(72%) IFRA(67%) SDY(63%) VYM(59%) |
Factors Impacting FE price | FE will decline at least -0.53% in a week (0% probabilities). TBT(-30%) VXX(-25%) VIXM(-19%) UUP(-14%) EDOC(-12%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.53% (StdDev 1.06%) |
Hourly BBV | 1.7 () |
Intraday Trend | 1.7% |
| |
|
|