| O latest price $56.2000 (0.29%) ($56.0100 - $56.5900) on Fri. Sep. 1, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1% (three month average) |
RSI | 32 |
Latest Price | $56.2000(0.29%) |
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 -0.7% 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 O advance at 0% a week (0% probability) ARKK(99%) IWF(99%) IWO(99%) IWN(98%) SPLV(96%) |
Factors Impacting O price | O will decline at least -0.5% in a week (0% probabilities). TBT(-77%) UUP(-49%) USO(-44%) UNG(8%) XOP(11%) |
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 | -0.5% (StdDev 1%) |
Hourly BBV | -0.6 () |
Intraday Trend | -0.2% |
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