| REI latest price $11.3400 (-0.79%) ($11.0175 - $11.4470) on Wed. Sep. 5, 2018. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.83% (three month average) |
RSI | 46 |
Latest Price | $11.3400(-0.79%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | REI advances 0.4% a day on average for past five trading days. |
Weekly Trend | REI declines -1.6% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value for large cap. Growth stock sell-off for small cap. |
Correlated ETFs | Broad market will support REI advance at 0% a week (0% probability) XOP(30%) DIA(29%) URA(28%) LIT(27%) OIH(27%) |
Factors Impacting REI price | REI will decline at least -1.415% in a week (0% probabilities). VIXM(-17%) SHY(-14%) VCIT(-13%) VCSH(-10%) BND(-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 | -1.415% (StdDev 2.83%) |
Hourly BBV | 0 () |
Intraday Trend | -0.4% |
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