| ERX latest price $55.5000 (-0.95%) ($53.6600 - $56.3900) on Thu. Jun. 8, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.42% (three month average) |
RSI | 59 |
Latest Price | $55.5000(-0.95%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 2% a day on average for past five trading days. |
Weekly Trend | ERX advances 1.3% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Value stock sell-off for small cap. |
Correlated ETFs | Broad market will support ERX advance at 0% a week (0% probability) XLE(99%) XOP(93%) OIH(84%) USO(68%) VYM(63%) |
Factors Impacting ERX price | ERX will decline at least -1.71% in a week (0% probabilities). VXX(-19%) VIXM(-14%) UUP(-12%) EDOC(-12%) BWX(-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 | -1.71% (StdDev 3.42%) |
Hourly BBV | 0.7 () |
Intraday Trend | -1.1% |
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