| ERX latest price $12.5700 (-5.77%) ($12.5500 - $13.6500) on Wed. Nov. 18, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.84% (three month average) |
RSI | 77 |
Latest Price | $12.5700(-5.77%) |
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 18.4% a week on average for past two weeks. |
Market Behavior | Broad based 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(84%) XOP(80%) IWD(61%) IWN(60%) |
Factors Impacting ERX price | ERX will decline at least -2.92% 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 | -2.92% (StdDev 5.84%) |
Hourly BBV | -0.7 () |
Intraday Trend | -7.4% |
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