| ERX latest price $64.8900 (0.09%) ($63.5400 - $65.0400) on Mon. Mar. 6, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.26% (three month average) |
RSI | 36 |
Latest Price | $64.8900(0.09%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 1.1% a day on average for past five trading days. |
Weekly Trend | ERX declines -2.3% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support ERX advance at 0% a week (0% probability) XLE(99%) XOP(94%) OIH(88%) USO(70%) VYM(70%) |
Factors Impacting ERX price | ERX will decline at least -1.63% in a week (0% probabilities). VIXM(-32%) SHY(-32%) BNDX(-23%) BND(-17%) VXX(-15%) |
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 | -1.63% (StdDev 3.26%) |
Hourly BBV | 1 () |
Intraday Trend | 1.2% |
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