| ERX latest price $67.9000 (-0.25%) ($67.7320 - $69.0200) on Thu. Sep. 7, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.13% (three month average) |
RSI | 68 |
Latest Price | $67.9000(-0.25%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 1% a day on average for past five trading days. |
Weekly Trend | ERX advances 3.1% a week on average for past two weeks. |
Market Behavior | Growth stock 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(56%) |
Factors Impacting ERX price | ERX will decline at least -1.065% 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 | -1.065% (StdDev 2.13%) |
Hourly BBV | -0.3 () |
Intraday Trend | -0.6% |
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