| ERX latest price $371.4000 (6.39%) ($370.4000 - $382.1000) on Fri. Jun. 22, 2018. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.74% (three month average) |
RSI | 50 |
Latest Price | $371.4000(6.39%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 0.7% a day on average for past five trading days. |
Weekly Trend | ERX declines -2.7% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Growth stock sell-off 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 -1.87% in a week (0% probabilities). TLT(-24%) VXX(-20%) VIXM(-19%) UUP(-18%) IPO(-7%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.87% (StdDev 3.74%) |
Hourly BBV | 0 () |
Intraday Trend | -0.3% |
| |
|
|