| ERX latest price $53.6500 (1.28%) ($52.7600 - $54.1300) on Thu. Jun. 29, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.92% (three month average) |
RSI | 38 |
Latest Price | $53.6500(1.28%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 1.2% a day on average for past five trading days. |
Weekly Trend | ERX declines -2.6% 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(84%) USO(68%) VYM(60%) |
Factors Impacting ERX price | ERX will decline at least -1.46% in a week (0% probabilities). VXX(-18%) UUP(-15%) VIXM(-14%) EDOC(-12%) TBT(-5%) |
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 | -1.46% (StdDev 2.92%) |
Hourly BBV | 1.5 () |
Intraday Trend | 0.7% |
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