| ERX latest price $12.8100 (-1.16%) ($12.6500 - $13.0100) on Fri. Nov. 20, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.82% (three month average) |
RSI | 75 |
Latest Price | $12.8100(-1.16%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 2% a day on average for past five trading days. |
Weekly Trend | ERX advances 19.8% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support ERX advance at 0% a week (0% probability) OIH(91%) XLE(83%) XOP(78%) IWD(60%) IWN(59%) |
Factors Impacting ERX price | ERX will decline at least -2.91% in a week (0% probabilities). VIXM(-26%) UUP(-19%) TLT(-14%) VXX(-10%) BNDX(-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 | -2.91% (StdDev 5.82%) |
Hourly BBV | -0.2 () |
Intraday Trend | -0.6% |
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