| ERY latest price $40.4800 (2.07%) ($39.8570 - $40.8800) on Wed. Jan. 15, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.2% (three month average) |
RSI | 57 |
Latest Price | $40.4800(2.07%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERY advances 0.3% a day on average for past five trading days. |
Weekly Trend | ERY advances 0.5% 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 ERY advance at 0% a week (0% probability) VIXM(59%) VXX(56%) TLT(31%) UUP(-1%) BNDX(-6%) |
Factors Impacting ERY price | ERY will decline at least -1.6% in a week (0% probabilities). XLE(-98%) OIH(-90%) XOP(-89%) IWD(-80%) IVE(-80%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.6% (StdDev 3.2%) |
Hourly BBV | 1.9 () |
Intraday Trend | 1.2% |
| |
|
|