| ERX latest price $601.1000 (3.89%) ($587.0000 - $617.5000) on Fri. Sep. 14, 2012. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.75% (three month average) |
RSI | 73 |
Latest Price | $601.1000(3.89%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 2.6% a day on average for past five trading days. |
Weekly Trend | ERX advances 6.9% 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(87%) IWM(66%) SPY(65%) USO(62%) |
Factors Impacting ERX price | ERX will decline at least -1.875% 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. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -1.875% (StdDev 3.75%) |
Hourly BBV | 0 () |
Intraday Trend | 2.3% |
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