| ERX latest price $21.6800 (-7.51%) ($21.0300 - $22.0300) on Tue. Jun. 9, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 13.04% (three month average) |
RSI | 75 |
Latest Price | $21.6800(-7.51%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 4.1% a day on average for past five trading days. |
Weekly Trend | ERX advances 14.6% a week on average for past two weeks. |
Market Behavior | Value stocks sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support ERX advance at 0% a week (0% probability) OIH(91%) XLE(87%) XOP(82%) IWD(65%) IWN(65%) |
Factors Impacting ERX price | ERX will decline at least -6.52% in a week (0% probabilities). VIXM(-33%) 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 | -6.52% (StdDev 13.04%) |
Hourly BBV | -0.2 () |
Intraday Trend | -1% |
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