| ERX latest price $757.7000 (3.1%) ($737.0000 - $760.0000) on Mon. Sep. 9, 2013. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.68% (three month average) |
RSI | 74 |
Latest Price | $757.7000(3.1%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 1.6% a day on average for past five trading days. |
Weekly Trend | ERX advances 4.1% 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 -1.34% in a week (0% probabilities). TLT(-25%) SHY(-5%) IGOV(-5%) BNDX(-4%) GLD(3%) |
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 | -1.34% (StdDev 2.68%) |
Hourly BBV | 0 () |
Intraday Trend | 2.4% |
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