| ERX latest price $22.8200 (5.06%) ($22.1600 - $23.2000) on Thu. Sep. 2, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.62% (three month average) |
RSI | 47 |
Latest Price | $22.8200(5.06%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 0.7% a day on average for past five trading days. |
Weekly Trend | ERX advances 1.8% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support ERX advance at 0% a week (0% probability) OIH(91%) XLE(75%) XOP(71%) IWD(57%) IFRA(55%) |
Factors Impacting ERX price | ERX will decline at least -1.81% in a week (0% probabilities). VIXM(-26%) UUP(-18%) SHY(-11%) 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 | -1.81% (StdDev 3.62%) |
Hourly BBV | 0.7 () |
Intraday Trend | 3% |
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