| OIH latest price $180.1500 (-3.16%) ($178.7100 - $185.9900) on Wed. Jan. 13, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.08% (three month average) |
RSI | 77 |
Latest Price | $180.1500(-3.16%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | OIH advances 0.6% a day on average for past five trading days. |
Weekly Trend | OIH advances 8.3% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support OIH advance at 0% a week (0% probability) XLE(75%) XOP(73%) IWN(60%) IFRA(57%) XME(56%) |
Factors Impacting OIH price | OIH will decline at least -2.04% in a week (0% probabilities). VIXM(-27%) UUP(-20%) TLT(-16%) SHY(-12%) BNDX(-12%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.04% (StdDev 4.08%) |
Hourly BBV | 0.1 () |
Intraday Trend | -3.1% |
| |
|
|