| ERX latest price $22.3900 (6.92%) ($21.1300 - $22.9900) on Mon. Feb. 22, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.99% (three month average) |
RSI | 84 |
Latest Price | $22.3900(6.92%) |
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 11.7% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value for large cap. Rotation from growth to value for small cap. |
Correlated ETFs | Broad market will support ERX advance at 0% a week (0% probability) OIH(91%) XLE(80%) XOP(75%) IWD(58%) IFRA(56%) |
Factors Impacting ERX price | ERX will decline at least -2.495% 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 | -2.495% (StdDev 4.99%) |
Hourly BBV | 1.4 () |
Intraday Trend | 5.7% |
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