| ERX latest price $17.8600 (1.77%) ($17.7500 - $18.2200) on Fri. Feb. 5, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.32% (three month average) |
RSI | 48 |
Latest Price | $17.8600(1.77%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 3.2% a day on average for past five trading days. |
Weekly Trend | ERX declines -3.7% 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(80%) XOP(76%) IWD(58%) IFRA(56%) |
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 | 0.8 () |
Intraday Trend | -1.3% |
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