| ERX latest price $22.9200 (-1.72%) ($22.7500 - $23.7600) on Fri. Apr. 16, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.04% (three month average) |
RSI | 36 |
Latest Price | $22.9200(-1.72%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 0.1% a day on average for past five trading days. |
Weekly Trend | ERX declines -2.9% a week on average for past two weeks. |
Market Behavior | Value 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(79%) XOP(74%) IWD(58%) IFRA(56%) |
Factors Impacting ERX price | ERX will decline at least -2.02% in a week (0% probabilities). VIXM(-27%) UUP(-20%) TLT(-12%) SHY(-10%) BNDX(-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 | -2.02% (StdDev 4.04%) |
Hourly BBV | -1.1 () |
Intraday Trend | -3.2% |
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