| ERX latest price $165.1000 (-1.78%) ($157.7000 - $167.5000) on Thu. Sep. 12, 2019. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.91% (three month average) |
RSI | 63 |
Latest Price | $165.1000(-1.78%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 1.8% a day on average for past five trading days. |
Weekly Trend | ERX advances 10.5% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support ERX advance at 0% a week (0% probability) XLE(91%) OIH(90%) XOP(84%) IWD(74%) IVE(72%) |
Factors Impacting ERX price | ERX will decline at least -1.955% in a week (0% probabilities). VIXM(-50%) VXX(-22%) TLT(-22%) UUP(-8%) IGOV(-5%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.955% (StdDev 3.91%) |
Hourly BBV | 0 () |
Intraday Trend | 1.6% |
| |
|
|