| ERX latest price $58.2500 (1.41%) ($57.3700 - $58.4700) on Fri. Mar. 31, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.49% (three month average) |
RSI | 54 |
Latest Price | $58.2500(1.41%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 2.4% a day on average for past five trading days. |
Weekly Trend | ERX advances 3.7% 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(71%) VYM(68%) |
Factors Impacting ERX price | ERX will decline at least -1.745% in a week (0% probabilities). VXX(-28%) VIXM(-22%) SHY(-21%) BNDX(-13%) 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 | -1.745% (StdDev 3.49%) |
Hourly BBV | 1.4 () |
Intraday Trend | 1% |
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