| ERX latest price $56.2800 (3.51%) ($55.8300 - $57.2000) on Wed. Mar. 23, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.67% (three month average) |
RSI | 60 |
Latest Price | $56.2800(3.51%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 3.2% a day on average for past five trading days. |
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(69%) XOP(65%) IWD(59%) IFRA(56%) |
Factors Impacting ERX price | ERX will decline at least -1.835% in a week (0% probabilities). VIXM(-25%) UUP(-21%) SHY(-12%) BNDX(-8%) 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 | -1.835% (StdDev 3.67%) |
Hourly BBV | 1.5 () |
Intraday Trend | 0.1% |
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