| ERX latest price $29.0700 (4.61%) ($27.4900 - $29.0890) on Mon. May. 17, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.93% (three month average) |
RSI | 74 |
Latest Price | $29.0700(4.61%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 0.8% a day on average for past five trading days. |
Weekly Trend | ERX advances 5.6% a week on average for past two weeks. |
Market Behavior | Growth stock sell-off 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 -1.965% in a week (0% probabilities). VIXM(-27%) UUP(-19%) 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 | -1.965% (StdDev 3.93%) |
Hourly BBV | 1.6 () |
Intraday Trend | 5.2% |
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