| ERX latest price $69.6100 (0.03%) ($68.6500 - $70.5000) on Thu. Sep. 28, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.24% (three month average) |
RSI | 51 |
Latest Price | $69.6100(0.03%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 1.3% a day on average for past five trading days. |
Weekly Trend | ERX declines -1.4% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support ERX advance at 0% a week (0% probability) XLE(99%) XOP(94%) OIH(89%) USO(69%) VYM(59%) |
Factors Impacting ERX price | ERX will decline at least -1.12% in a week (0% probabilities). UUP(-19%) BNDX(-10%) VXX(-8%) SHY(-4%) TBT(-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 | -1.12% (StdDev 2.24%) |
Hourly BBV | 0.9 () |
Intraday Trend | 0.7% |
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