| ERX latest price $14.6200 (3.25%) ($14.1200 - $14.8700) on Wed. Dec. 30, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.33% (three month average) |
RSI | 40 |
Latest Price | $14.6200(3.25%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 0.8% a day on average for past five trading days. |
Weekly Trend | ERX declines -5.6% a week on average for past two weeks. |
Market Behavior | Value stock 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(81%) XOP(77%) IWD(58%) IFRA(57%) |
Factors Impacting ERX price | ERX will decline at least -3.165% in a week (0% probabilities). VIXM(-27%) UUP(-20%) TLT(-13%) 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 | -3.165% (StdDev 6.33%) |
Hourly BBV | 0.9 () |
Intraday Trend | 3% |
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