| ERX latest price $70.0600 (1.39%) ($69.1900 - $70.8100) on Mon. Sep. 18, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.25% (three month average) |
RSI | 72 |
Latest Price | $70.0600(1.39%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 0.8% a day on average for past five trading days. |
Weekly Trend | ERX advances 3.8% a week on average for past two weeks. |
Market Behavior | Normal 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(68%) VYM(58%) |
Factors Impacting ERX price | ERX will decline at least -1.125% in a week (0% probabilities). UUP(-16%) VXX(-8%) BNDX(-8%) SHY(-6%) TBT(-4%) |
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 | -1.125% (StdDev 2.25%) |
Hourly BBV | -0.5 () |
Intraday Trend | -0.4% |
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