| ERX latest price $15.5000 (-4.85%) ($15.2100 - $15.9500) on Mon. Dec. 7, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.54% (three month average) |
RSI | 63 |
Latest Price | $15.5000(-4.85%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 2.9% a day on average for past five trading days. |
Weekly Trend | ERX advances 6.6% a week on average for past two weeks. |
Market Behavior | Value stocks 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(82%) XOP(77%) IWD(59%) IFRA(57%) |
Factors Impacting ERX price | ERX will decline at least -3.27% in a week (0% probabilities). VIXM(-27%) UUP(-20%) 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 | -3.27% (StdDev 6.54%) |
Hourly BBV | 0 () |
Intraday Trend | -2.5% |
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