| ERX latest price $62.8900 (-2.27%) ($62.3600 - $64.4000) on Mon. Apr. 17, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.56% (three month average) |
RSI | 75 |
Latest Price | $62.8900(-2.27%) |
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 5.8% 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(86%) USO(71%) VYM(67%) |
Factors Impacting ERX price | ERX will decline at least -1.78% in a week (0% probabilities). VXX(-25%) VIXM(-20%) SHY(-15%) UUP(-11%) SMH(-10%) |
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 | -1.78% (StdDev 3.56%) |
Hourly BBV | -1.5 () |
Intraday Trend | -1.8% |
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