| ERX latest price $62.0000 (0.94%) ($59.4700 - $64.3500) on Fri. May. 20, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.57% (three month average) |
RSI | 62 |
Latest Price | $62.0000(0.94%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 0.5% a day on average for past five trading days. |
Weekly Trend | ERX advances 2.7% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Normal 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 -2.285% 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 | -2.285% (StdDev 4.57%) |
Hourly BBV | -0.7 () |
Intraday Trend | -1.1% |
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