| ERX latest price $260.7000 (1.09%) ($251.6000 - $263.1000) on Wed. Apr. 13, 2016. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.3% (three month average) |
RSI | 65 |
Latest Price | $260.7000(1.09%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 2.7% a day on average for past five trading days. |
Weekly Trend | ERX advances 2.9% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support ERX advance at 0% a week (0% probability) XLE(92%) OIH(90%) XOP(86%) IWD(74%) IVE(72%) |
Factors Impacting ERX price | ERX will decline at least -3.15% in a week (0% probabilities). VIXM(-24%) TLT(-24%) UUP(-17%) IGOV(-5%) SHY(-4%) |
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 | -3.15% (StdDev 6.3%) |
Hourly BBV | 0 () |
Intraday Trend | 1.4% |
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