| ERX latest price $323.1000 (-1.1%) ($320.3500 - $327.8000) on Wed. Aug. 24, 2016. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.87% (three month average) |
RSI | 70 |
Latest Price | $323.1000(-1.1%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 0.2% a day on average for past five trading days. |
Weekly Trend | ERX advances 5.4% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off 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 -1.935% in a week (0% probabilities). TLT(-23%) VIXM(-22%) UUP(-17%) IBUY(-7%) IGOV(-5%) |
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 | -1.935% (StdDev 3.87%) |
Hourly BBV | 0 () |
Intraday Trend | 0.3% |
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