| ERX latest price $52.7400 (-2.28%) ($51.9500 - $54.6000) on Wed. May. 10, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.4% (three month average) |
RSI | 31 |
Latest Price | $52.7400(-2.28%) |
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 -6.5% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support ERX advance at 0% a week (0% probability) XLE(99%) XOP(93%) OIH(85%) USO(71%) VYM(67%) |
Factors Impacting ERX price | ERX will decline at least -1.7% in a week (0% probabilities). VXX(-24%) VIXM(-19%) SHY(-14%) EDOC(-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 | -1.7% (StdDev 3.4%) |
Hourly BBV | -1 () |
Intraday Trend | -3.3% |
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