| ERX latest price $345.3000 (2.37%) ($326.3000 - $352.5000) on Tue. May. 12, 2009. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 8.27% (three month average) |
RSI | 73 |
Latest Price | $345.3000(2.37%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 2.3% a day on average for past five trading days. |
Weekly Trend | ERX advances 16.2% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support ERX advance at 0% a week (0% probability) OIH(90%) XOP(89%) SPY(72%) IWM(71%) EEM(66%) |
Factors Impacting ERX price | ERX will decline at least -4.135% in a week (0% probabilities). TLT(-33%) SHY(-10%) TIP(-1%) LQD(6%) IGOV(7%) |
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 | -4.135% (StdDev 8.27%) |
Hourly BBV | 0 () |
Intraday Trend | -1.6% |
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