| ERX latest price $57.4000 (4.48%) ($55.2500 - $57.5800) on Tue. Jul. 11, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.78% (three month average) |
RSI | 66 |
Latest Price | $57.4000(4.48%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 0.9% a day on average for past five trading days. |
Weekly Trend | ERX advances 3.2% 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(69%) VYM(59%) |
Factors Impacting ERX price | ERX will decline at least -1.39% in a week (0% probabilities). VXX(-19%) UUP(-14%) VIXM(-13%) TBT(-5%) BNDX(-5%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.39% (StdDev 2.78%) |
Hourly BBV | 1.7 () |
Intraday Trend | 3.3% |
| |
|
|