| ERX latest price $22.0800 (-2.99%) ($22.0000 - $22.7500) on Thu. Aug. 26, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.67% (three month average) |
RSI | 42 |
Latest Price | $22.0800(-2.99%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 1.9% a day on average for past five trading days. |
Weekly Trend | ERX declines -3.8% a week on average for past two weeks. |
Market Behavior | Broad based 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(71%) IWD(57%) IFRA(55%) |
Factors Impacting ERX price | ERX will decline at least -1.835% in a week (0% probabilities). VIXM(-26%) UUP(-19%) SHY(-10%) BNDX(-9%) VXX(-8%) |
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 | -1.835% (StdDev 3.67%) |
Hourly BBV | -1.7 () |
Intraday Trend | -2% |
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