| ERX latest price $33.5900 (-0.15%) ($33.5300 - $35.0500) on Wed. Jan. 5, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.21% (three month average) |
RSI | 71 |
Latest Price | $33.5900(-0.15%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 2.4% a day on average for past five trading days. |
Weekly Trend | ERX advances 5.6% 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(72%) XOP(67%) IWD(55%) IFRA(53%) |
Factors Impacting ERX price | ERX will decline at least -1.605% in a week (0% probabilities). VIXM(-22%) UUP(-18%) SHY(-11%) IGOV(-11%) BNDX(-7%) |
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 | -1.605% (StdDev 3.21%) |
Hourly BBV | 0.5 () |
Intraday Trend | -2.1% |
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