| ERX latest price $11.5600 (7.84%) ($10.9000 - $11.6450) on Fri. Nov. 13, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.56% (three month average) |
RSI | 68 |
Latest Price | $11.5600(7.84%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 5.6% a day on average for past five trading days. |
Weekly Trend | ERX advances 17.2% 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(60%) |
Factors Impacting ERX price | ERX will decline at least -2.78% in a week (0% probabilities). VIXM(-28%) UUP(-18%) 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 | (options are extremely cheap) |
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Market Trend Strength | -2.78% (StdDev 5.56%) |
Hourly BBV | 1 () |
Intraday Trend | 6% |
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