| ERX latest price $68.0700 (-0.03%) ($67.1500 - $68.8100) on Wed. Sep. 6, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.23% (three month average) |
RSI | 73 |
Latest Price | $68.0700(-0.03%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 1.2% a day on average for past five trading days. |
Weekly Trend | ERX advances 2.7% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Value stock 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%) SHY(-10%) BNDX(-10%) VXX(-9%) 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 | 0.4 () |
Intraday Trend | 0.3% |
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