| ERX latest price $61.4200 (-0.82%) ($59.0800 - $63.4600) on Thu. May. 19, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.6% (three month average) |
RSI | 63 |
Latest Price | $61.4200(-0.82%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 1.6% a day on average for past five trading days. |
Weekly Trend | ERX advances 4.3% a week on average for past two weeks. |
Market Behavior | Value stocks sell-off for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support ERX advance at 0% a week (0% probability) OIH(91%) XLE(63%) IWD(60%) XOP(60%) IFRA(56%) |
Factors Impacting ERX price | ERX will decline at least -2.3% in a week (0% probabilities). UUP(-22%) VIXM(-21%) SHY(-12%) BNDX(-9%) VXX(-4%) |
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 | -2.3% (StdDev 4.6%) |
Hourly BBV | -0.2 () |
Intraday Trend | 3.9% |
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