| ERX latest price $8.9400 (-1.32%) ($8.7850 - $9.4000) on Tue. Nov. 3, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.1% (three month average) |
RSI | 44 |
Latest Price | $8.9400(-1.32%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 0.8% a day on average for past five trading days. |
Weekly Trend | ERX declines -4.8% a week on average for past two weeks. |
Market Behavior | Broad based 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(84%) XOP(80%) IWD(61%) IWN(61%) |
Factors Impacting ERX price | ERX will decline at least -2.05% in a week (0% probabilities). VIXM(-29%) UUP(-18%) TLT(-15%) VXX(-11%) BNDX(-11%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | |
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Market Trend Strength | -2.05% (StdDev 4.1%) |
Hourly BBV | 0.5 () |
Intraday Trend | -4.9% |
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