| ERX latest price $16.6600 (6.11%) ($15.8900 - $16.9400) on Wed. Jan. 6, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.33% (three month average) |
RSI | 52 |
Latest Price | $16.6600(6.11%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 3.4% a day on average for past five trading days. |
Weekly Trend | ERX declines -0.7% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value 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 -3.165% 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 | -3.165% (StdDev 6.33%) |
Hourly BBV | 1 () |
Intraday Trend | 2.3% |
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