| ERX latest price $358.7000 (5.59%) ($343.0000 - $360.0000) on Fri. May. 29, 2009. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 7.76% (three month average) |
RSI | 47 |
Latest Price | $358.7000(5.59%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 3.5% a day on average for past five trading days. |
Weekly Trend | ERX declines -0.9% 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(88%) SPY(72%) IWM(71%) EEM(66%) |
Factors Impacting ERX price | ERX will decline at least -3.88% in a week (0% probabilities). TLT(-33%) SHY(-10%) TIP(-1%) LQD(6%) IGOV(6%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -3.88% (StdDev 7.76%) |
Hourly BBV | 0 () |
Intraday Trend | 2% |
| |
|
|