| ERX latest price $64.5800 (0.81%) ($64.1000 - $64.8810) on Wed. Aug. 30, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.35% (three month average) |
RSI | 49 |
Latest Price | $64.5800(0.81%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 0.7% a day on average for past five trading days. |
Weekly Trend | ERX declines -0.8% 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(88%) USO(69%) VYM(57%) |
Factors Impacting ERX price | ERX will decline at least -1.175% in a week (0% probabilities). UUP(-14%) VXX(-11%) BNDX(-10%) SHY(-9%) VIXM(-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 | -1.175% (StdDev 2.35%) |
Hourly BBV | 1.4 () |
Intraday Trend | 0.1% |
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