| ERX latest price $18.5700 (-1.75%) ($18.2810 - $19.0100) on Wed. Jan. 13, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.3% (three month average) |
RSI | 82 |
Latest Price | $18.5700(-1.75%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 2.2% a day on average for past five trading days. |
Weekly Trend | ERX advances 12.3% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Broad based sell-off 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 -3.15% 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 | -3.15% (StdDev 6.3%) |
Hourly BBV | -0.2 () |
Intraday Trend | -2.3% |
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