| ERX latest price $18.9100 (-2.32%) ($18.4200 - $19.1500) on Tue. Feb. 9, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 5.32% (three month average) |
RSI | 47 |
Latest Price | $18.9100(-2.32%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 3.5% a day on average for past five trading days. |
Weekly Trend | ERX advances 2.6% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Growth stock 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 -2.66% in a week (0% probabilities). VIXM(-26%) UUP(-19%) TLT(-13%) VXX(-10%) SHY(-10%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.66% (StdDev 5.32%) |
Hourly BBV | 0.6 () |
Intraday Trend | -0.5% |
| |
|
|