| ERX latest price $75.6600 (3.49%) ($73.2100 - $76.1260) on Mon. Nov. 7, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.34% (three month average) |
RSI | 87 |
Latest Price | $75.6600(3.49%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 1.3% a day on average for past five trading days. |
Weekly Trend | ERX advances 6.4% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support ERX advance at 0% a week (0% probability) OIH(87%) IWD(62%) DIA(55%) IWN(54%) IWM(53%) |
Factors Impacting ERX price | ERX will decline at least -2.17% in a week (0% probabilities). SHY(-21%) BNDX(-21%) UUP(-12%) VIXM(-9%) TBT(-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 | -2.17% (StdDev 4.34%) |
Hourly BBV | 1.3 () |
Intraday Trend | 2.7% |
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