| ERX latest price $30.5300 (-0.59%) ($30.4400 - $31.8300) on Mon. Oct. 11, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.87% (three month average) |
RSI | 88 |
Latest Price | $30.5300(-0.59%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 1.2% a day on average for past five trading days. |
Weekly Trend | ERX advances 11.3% 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(74%) XOP(69%) IWD(57%) IFRA(55%) |
Factors Impacting ERX price | ERX will decline at least -1.935% in a week (0% probabilities). VIXM(-24%) UUP(-18%) SHY(-11%) IGOV(-11%) TLT(-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 | -1.935% (StdDev 3.87%) |
Hourly BBV | 0.5 () |
Intraday Trend | -3.5% |
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