| ERX latest price $53.8600 (4.32%) ($51.9120 - $54.4400) on Mon. Mar. 27, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.52% (three month average) |
RSI | 35 |
Latest Price | $53.8600(4.32%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 0.7% a day on average for past five trading days. |
Weekly Trend | ERX declines -5.3% a week on average for past two weeks. |
Market Behavior | Value stock 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(87%) USO(71%) VYM(68%) |
Factors Impacting ERX price | ERX will decline at least -1.76% in a week (0% probabilities). VXX(-31%) VIXM(-24%) SHY(-24%) BNDX(-14%) UUP(-11%) |
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 | -1.76% (StdDev 3.52%) |
Hourly BBV | 1.4 () |
Intraday Trend | 1.8% |
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