| ERX latest price $15.7000 (9.03%) ($14.7000 - $16.4800) on Tue. Jan. 5, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.32% (three month average) |
RSI | 51 |
Latest Price | $15.7000(9.03%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 2% a day on average for past five trading days. |
Weekly Trend | ERX declines -3.1% a week on average for past two weeks. |
Market Behavior | Broad based 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(76%) IWD(58%) IFRA(57%) |
Factors Impacting ERX price | ERX will decline at least -3.16% in a week (0% probabilities). VIXM(-27%) UUP(-19%) 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 | -3.16% (StdDev 6.32%) |
Hourly BBV | 1.4 () |
Intraday Trend | 6.7% |
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