| ERX latest price $839.9000 (-1.42%) ($832.5000 - $862.0000) on Tue. Jul. 26, 2011. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.95% (three month average) |
RSI | 61 |
Latest Price | $839.9000(-1.42%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 0.7% a day on average for past five trading days. |
Weekly Trend | ERX advances 5.9% 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%) IWM(69%) SPY(69%) EEM(63%) |
Factors Impacting ERX price | ERX will decline at least -1.975% in a week (0% probabilities). TLT(-32%) SHY(-6%) TIP(1%) IGOV(2%) LQD(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 | -1.975% (StdDev 3.95%) |
Hourly BBV | 0 () |
Intraday Trend | -1.9% |
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