| ERX latest price $8.5600 (-4.36%) ($8.5000 - $9.2230) on Fri. Nov. 6, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.05% (three month average) |
RSI | 47 |
Latest Price | $8.5600(-4.36%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 0.2% a day on average for past five trading days. |
Weekly Trend | ERX declines -1.8% a week on average for past two weeks. |
Market Behavior | Normal 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(84%) XOP(80%) IWD(61%) IWN(60%) |
Factors Impacting ERX price | ERX will decline at least -2.025% in a week (0% probabilities). VIXM(-29%) UUP(-17%) TLT(-15%) BNDX(-11%) VXX(-10%) |
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 | -2.025% (StdDev 4.05%) |
Hourly BBV | -1.9 () |
Intraday Trend | -4.5% |
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