| ERX latest price $60.5100 (-1.16%) ($60.1300 - $62.4400) on Thu. Jul. 27, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.83% (three month average) |
RSI | 71 |
Latest Price | $60.5100(-1.16%) |
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 3.7% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support ERX advance at 0% a week (0% probability) XLE(99%) XOP(92%) OIH(86%) USO(70%) VYM(57%) |
Factors Impacting ERX price | ERX will decline at least -1.415% in a week (0% probabilities). EDOC(-27%) VXX(-16%) UUP(-12%) VIXM(-10%) SHY(-9%) |
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 | -1.415% (StdDev 2.83%) |
Hourly BBV | -1.5 () |
Intraday Trend | -2.4% |
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