| ERX latest price $61.0300 (2.99%) ($58.3100 - $61.6700) on Fri. Apr. 28, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.46% (three month average) |
RSI | 47 |
Latest Price | $61.0300(2.99%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 0.1% a day on average for past five trading days. |
Weekly Trend | ERX declines -2.5% 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(67%) |
Factors Impacting ERX price | ERX will decline at least -1.73% in a week (0% probabilities). VXX(-26%) VIXM(-20%) SHY(-15%) UUP(-11%) BWX(-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 | -1.73% (StdDev 3.46%) |
Hourly BBV | 1.4 () |
Intraday Trend | 3.8% |
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