| ERX latest price $285.0000 (5.63%) ($275.8000 - $285.8000) on Fri. Mar. 9, 2018. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.06% (three month average) |
RSI | 51 |
Latest Price | $285.0000(5.63%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 1.3% a day on average for past five trading days. |
Weekly Trend | ERX declines -0.6% 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(85%) IWD(74%) IVE(73%) |
Factors Impacting ERX price | ERX will decline at least -2.03% in a week (0% probabilities). TLT(-24%) VIXM(-20%) UUP(-18%) IGOV(-5%) DIA(-3%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.03% (StdDev 4.06%) |
Hourly BBV | 0 () |
Intraday Trend | 3.3% |
| |
|
|