| ERX latest price $16.6100 (-2.52%) ($16.1600 - $16.8000) on Fri. Dec. 11, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.43% (three month average) |
RSI | 69 |
Latest Price | $16.6100(-2.52%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 0.4% a day on average for past five trading days. |
Weekly Trend | ERX advances 5.3% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Value stock sell-off 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 -3.215% in a week (0% probabilities). VIXM(-27%) UUP(-20%) TLT(-14%) VXX(-10%) SHY(-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 | -3.215% (StdDev 6.43%) |
Hourly BBV | 0.1 () |
Intraday Trend | -1.1% |
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