| O latest price $56.4700 (0%) ($56.0450 - $56.5100) on Tue. Aug. 29, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1% (three month average) |
RSI | 22 |
Latest Price | $56.4700(0%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | O advances 0.1% a day on average for past five trading days. |
Weekly Trend | O declines -1.6% 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) IWD(99%) IYT(99%) IWM(97%) IWO(97%) VYM(97%) |
Factors Impacting O price | O will decline at least -0.5% in a week (0% probabilities). TBT(-77%) UUP(-44%) USO(-43%) EDOC(-4%) UNG(3%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.5% (StdDev 1%) |
Hourly BBV | 0.7 () |
Intraday Trend | -0.1% |
| |
|
|