| ERX latest price $27.0200 (1.05%) ($25.7500 - $27.0200) on Thu. May. 6, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.97% (three month average) |
RSI | 68 |
Latest Price | $27.0200(1.05%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 1.5% a day on average for past five trading days. |
Weekly Trend | ERX advances 7.3% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Value stock rally for small cap. |
Correlated ETFs | Broad market will support ERX advance at 0% a week (0% probability) OIH(91%) XLE(78%) XOP(74%) IWD(58%) IFRA(56%) |
Factors Impacting ERX price | ERX will decline at least -1.985% 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 | -1.985% (StdDev 3.97%) |
Hourly BBV | 1 () |
Intraday Trend | 0.8% |
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