| ERX latest price $49.3500 (7.45%) ($46.1100 - $49.3700) on Mon. Jul. 25, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.43% (three month average) |
RSI | 61 |
Latest Price | $49.3500(7.45%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 2% a day on average for past five trading days. |
Weekly Trend | ERX advances 3.6% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Value stock rally for small cap. |
Correlated ETFs | Broad market will support ERX advance at 0% a week (0% probability) OIH(90%) IWD(60%) DIA(54%) IFRA(54%) IWM(54%) |
Factors Impacting ERX price | ERX will decline at least -2.715% in a week (0% probabilities). UUP(-21%) VIXM(-17%) SHY(-13%) BNDX(-8%) VXX(-3%) |
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 | -2.715% (StdDev 5.43%) |
Hourly BBV | 1.7 () |
Intraday Trend | 4.8% |
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