| ERX latest price $35.1300 (4.58%) ($34.1500 - $35.5100) on Thu. Jan. 6, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.23% (three month average) |
RSI | 73 |
Latest Price | $35.1300(4.58%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 3.6% a day on average for past five trading days. |
Weekly Trend | ERX advances 7.6% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Value stock rally 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 -1.615% in a week (0% probabilities). VIXM(-22%) UUP(-18%) IGOV(-11%) SHY(-10%) 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 | -1.615% (StdDev 3.23%) |
Hourly BBV | 1.3 () |
Intraday Trend | 0.2% |
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