| ERX latest price $19.6400 (3.86%) ($18.8200 - $19.6850) on Wed. Feb. 10, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.28% (three month average) |
RSI | 59 |
Latest Price | $19.6400(3.86%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 2.7% a day on average for past five trading days. |
Weekly Trend | ERX advances 5.8% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Growth stock sell-off 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 -2.64% 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. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -2.64% (StdDev 5.28%) |
Hourly BBV | 1.4 () |
Intraday Trend | 3% |
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