| ERX latest price $444.5000 (8.52%) ($427.4100 - $448.5000) on Thu. Jul. 26, 2012. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.29% (three month average) |
RSI | 64 |
Latest Price | $444.5000(8.52%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 0.3% a day on average for past five trading days. |
Weekly Trend | ERX advances 4.7% 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(87%) IWM(66%) SPY(65%) USO(62%) |
Factors Impacting ERX price | ERX will decline at least -2.145% in a week (0% probabilities). TLT(-26%) SHY(-5%) IGOV(-4%) TIP(6%) GLD(6%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.145% (StdDev 4.29%) |
Hourly BBV | 0 () |
Intraday Trend | 3.7% |
| |
|
|