| ERX latest price $160.7000 (6.07%) ($142.0000 - $163.6000) on Wed. Jan. 2, 2019. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.48% (three month average) |
RSI | 35 |
Latest Price | $160.7000(6.07%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 4.5% a day on average for past five trading days. |
Weekly Trend | ERX declines -12.2% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Value stock rally for small cap. |
Correlated ETFs | Broad market will support ERX advance at 0% a week (0% probability) XLE(91%) OIH(90%) XOP(85%) IWD(74%) IVE(73%) |
Factors Impacting ERX price | ERX will decline at least -2.74% in a week (0% probabilities). TLT(-24%) VXX(-19%) UUP(-19%) VIXM(-16%) DIA(-10%) |
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 | -2.74% (StdDev 5.48%) |
Hourly BBV | 0 () |
Intraday Trend | 12% |
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