| O latest price $63.0500 (2.07%) ($61.9300 - $63.2000) on Fri. Nov. 13, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.9% (three month average) |
RSI | 58 |
Latest Price | $63.0500(2.07%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | O advances 1.7% a day on average for past five trading days. |
Weekly Trend | O advances 3.9% 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 O advance at 0% a week (0% probability) SDY(65%) SPLV(61%) XLRE(61%) IVE(58%) IWD(58%) |
Factors Impacting O price | O will decline at least -0.95% in a week (0% probabilities). VIXM(-37%) UUP(-18%) VXX(-12%) TBT(-7%) EDOC(-6%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.95% (StdDev 1.9%) |
Hourly BBV | 0.7 () |
Intraday Trend | 1.8% |
| |
|
|