| FE latest price $43.4900 (0.98%) ($43.1750 - $43.9100) on Wed. Jun. 3, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.81% (three month average) |
RSI | 76 |
Latest Price | $43.4900(0.98%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | FE advances 1% a day on average for past five trading days. |
Weekly Trend | FE advances 3.7% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support FE advance at 0% a week (0% probability) SPLV(49%) IFRA(42%) SDY(41%) XLU(41%) IVE(38%) |
Factors Impacting FE price | FE will decline at least -2.405% in a week (0% probabilities). VIXM(-23%) UUP(-10%) VXX(-7%) TBT(-3%) DRIV(-1%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.405% (StdDev 4.81%) |
Hourly BBV | 1.3 () |
Intraday Trend | 0.2% |
| |
|
|