| ERX latest price $70.8500 (2.3%) ($68.2200 - $71.1900) on Fri. Jan. 20, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.44% (three month average) |
RSI | 62 |
Latest Price | $70.8500(2.3%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 0.3% 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 | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support ERX advance at 0% a week (0% probability) XLE(99%) XOP(93%) OIH(86%) USO(70%) VYM(66%) |
Factors Impacting ERX price | ERX will decline at least -1.72% in a week (0% probabilities). VIXM(-30%) SHY(-28%) BNDX(-23%) BND(-16%) VXX(-14%) |
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 | -1.72% (StdDev 3.44%) |
Hourly BBV | 1 () |
Intraday Trend | 1.8% |
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