| ERX latest price $39.9000 (4.81%) ($38.0200 - $39.9600) on Fri. Jan. 14, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.3% (three month average) |
RSI | 87 |
Latest Price | $39.9000(4.81%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 2% a day on average for past five trading days. |
Weekly Trend | ERX advances 12.9% 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(71%) XOP(67%) IWD(55%) IFRA(53%) |
Factors Impacting ERX price | ERX will decline at least -1.65% in a week (0% probabilities). VIXM(-22%) UUP(-19%) SHY(-11%) BNDX(-7%) VXX(-5%) |
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 | -1.65% (StdDev 3.3%) |
Hourly BBV | 2.5 () |
Intraday Trend | 4.9% |
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