| ERX latest price $19.0600 (-2.95%) ($18.2250 - $19.5500) on Thu. Feb. 11, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.3% (three month average) |
RSI | 57 |
Latest Price | $19.0600(-2.95%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 1.7% a day on average for past five trading days. |
Weekly Trend | ERX advances 7.4% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Normal 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 -2.65% 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 | -2.65% (StdDev 5.3%) |
Hourly BBV | -0.6 () |
Intraday Trend | -2.5% |
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