| ERX latest price $33.5300 (1.15%) ($33.1200 - $33.8200) on Tue. Oct. 26, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.46% (three month average) |
RSI | 83 |
Latest Price | $33.5300(1.15%) |
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 4.6% a week on average for past two weeks. |
Market Behavior | Normal 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 -1.73% in a week (0% probabilities). VIXM(-24%) UUP(-18%) SHY(-11%) IGOV(-11%) BNDX(-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 | -1.73% (StdDev 3.46%) |
Hourly BBV | 1.1 () |
Intraday Trend | 0.5% |
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