| ERX latest price $40.1800 (0.7%) ($38.9400 - $41.0900) on Tue. Jan. 18, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.33% (three month average) |
RSI | 88 |
Latest Price | $40.1800(0.7%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 2.2% a day on average for past five trading days. |
Weekly Trend | ERX advances 13.5% 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(71%) XOP(67%) IWD(55%) IFRA(54%) |
Factors Impacting ERX price | ERX will decline at least -1.665% in a week (0% probabilities). VIXM(-22%) UUP(-19%) SHY(-10%) 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 | -1.665% (StdDev 3.33%) |
Hourly BBV | 1.3 () |
Intraday Trend | -1.3% |
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