| ERX latest price $53.1500 (-3.85%) ($50.3000 - $53.6900) on Mon. Aug. 15, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.03% (three month average) |
RSI | 60 |
Latest Price | $53.1500(-3.85%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 1.8% a day on average for past five trading days. |
Weekly Trend | ERX advances 1.4% 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(90%) IWD(61%) DIA(55%) IWM(55%) IWN(55%) |
Factors Impacting ERX price | ERX will decline at least -2.515% in a week (0% probabilities). UUP(-21%) VIXM(-16%) SHY(-11%) EDOC(-7%) BNDX(-6%) |
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 | -2.515% (StdDev 5.03%) |
Hourly BBV | -0.5 () |
Intraday Trend | 3.5% |
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