| ERX latest price $68.0900 (1.25%) ($67.9700 - $69.4300) on Tue. Sep. 5, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.23% (three month average) |
RSI | 66 |
Latest Price | $68.0900(1.25%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 1.4% a day on average for past five trading days. |
Weekly Trend | ERX advances 2% a week on average for past two weeks. |
Market Behavior | Value stocks 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(93%) OIH(88%) USO(69%) VYM(57%) |
Factors Impacting ERX price | ERX will decline at least -1.115% in a week (0% probabilities). UUP(-14%) VXX(-10%) SHY(-10%) BNDX(-10%) VIXM(-3%) |
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 | -1.115% (StdDev 2.23%) |
Hourly BBV | 0.8 () |
Intraday Trend | 0.1% |
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