| ERX latest price $500.9000 (3.49%) ($489.7000 - $518.9000) on Mon. Dec. 5, 2011. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 7.14% (three month average) |
RSI | 48 |
Latest Price | $500.9000(3.49%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 4.1% a day on average for past five trading days. |
Weekly Trend | ERX advances 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(89%) XOP(88%) IWM(67%) SPY(67%) USO(62%) |
Factors Impacting ERX price | ERX will decline at least -3.57% in a week (0% probabilities). TLT(-28%) SHY(-5%) IGOV(-1%) TIP(5%) GLD(8%) |
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 | -3.57% (StdDev 7.14%) |
Hourly BBV | 0 () |
Intraday Trend | -1.5% |
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