| ERX latest price $16.1200 (-3.01%) ($15.8500 - $16.8900) on Thu. May. 21, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 15.53% (three month average) |
RSI | 61 |
Latest Price | $16.1200(-3.01%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 2.6% a day on average for past five trading days. |
Weekly Trend | ERX advances 3.7% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support ERX advance at 0% a week (0% probability) OIH(91%) XLE(87%) XOP(83%) IWD(66%) IWN(66%) |
Factors Impacting ERX price | ERX will decline at least -7.765% in a week (0% probabilities). VIXM(-35%) TLT(-19%) UUP(-18%) VXX(-13%) BNDX(-11%) |
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 | -7.765% (StdDev 15.53%) |
Hourly BBV | -0.2 () |
Intraday Trend | -3.9% |
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