| ERX latest price $23.3100 (-2.35%) ($22.8600 - $23.5550) on Tue. Jul. 27, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.9% (three month average) |
RSI | 38 |
Latest Price | $23.3100(-2.35%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 1.2% a day on average for past five trading days. |
Weekly Trend | ERX declines -6.4% a week on average for past two weeks. |
Market Behavior | Growth stock sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support ERX advance at 0% a week (0% probability) OIH(91%) XLE(76%) XOP(72%) IWD(58%) IFRA(56%) |
Factors Impacting ERX price | ERX will decline at least -1.95% in a week (0% probabilities). VIXM(-27%) UUP(-19%) SHY(-11%) TLT(-10%) VXX(-9%) |
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 | -1.95% (StdDev 3.9%) |
Hourly BBV | 0.3 () |
Intraday Trend | -0.7% |
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