| ERX latest price $29.6400 (0.68%) ($29.2400 - $29.9200) on Fri. Dec. 31, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.05% (three month average) |
RSI | 41 |
Latest Price | $29.6400(0.68%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 0.4% a day on average for past five trading days. |
Weekly Trend | ERX advances 1% a week on average for past two weeks. |
Market Behavior | Growth stock sell-off for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support ERX advance at 0% a week (0% probability) OIH(91%) XLE(72%) XOP(67%) IWD(55%) IFRA(53%) |
Factors Impacting ERX price | ERX will decline at least -1.525% in a week (0% probabilities). VIXM(-22%) UUP(-18%) SHY(-11%) IGOV(-11%) BNDX(-6%) |
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 | -1.525% (StdDev 3.05%) |
Hourly BBV | -0.2 () |
Intraday Trend | 1.2% |
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