| ERX latest price $18.6800 (6.02%) ($18.1100 - $18.8200) on Wed. Jun. 3, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 15.11% (three month average) |
RSI | 74 |
Latest Price | $18.6800(6.02%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 1.7% a day on average for past five trading days. |
Weekly Trend | ERX advances 7.1% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support ERX advance at 0% a week (0% probability) OIH(91%) XLE(87%) XOP(83%) IWD(65%) IWN(65%) |
Factors Impacting ERX price | ERX will decline at least -7.555% in a week (0% probabilities). VIXM(-34%) 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 | -7.555% (StdDev 15.11%) |
Hourly BBV | 1.4 () |
Intraday Trend | 2.4% |
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