| ERX latest price $490.6000 (6.51%) ($451.9300 - $494.8000) on Wed. Oct. 26, 2011. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 8.26% (three month average) |
RSI | 75 |
Latest Price | $490.6000(6.51%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 2.1% a day on average for past five trading days. |
Weekly Trend | ERX advances 12.2% 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(89%) XOP(88%) IWM(68%) SPY(67%) USO(62%) |
Factors Impacting ERX price | ERX will decline at least -4.13% in a week (0% probabilities). TLT(-29%) SHY(-6%) IGOV(0%) TIP(4%) LQD(9%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -4.13% (StdDev 8.26%) |
Hourly BBV | 0 () |
Intraday Trend | 2.2% |
| |
|
|