| OIH latest price $267.7500 (-1.73%) ($265.5300 - $276.9700) on Mon. Jun. 5, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.6% (three month average) |
RSI | 58 |
Latest Price | $267.7500(-1.73%) |
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 0.8% a week on average for past two weeks. |
Market Behavior | Normal 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(84%) XOP(84%) USO(68%) XME(64%) IWN(59%) |
Factors Impacting OIH price | OIH will decline at least -1.3% in a week (0% probabilities). VXX(-19%) VIXM(-16%) UUP(-16%) SHY(-11%) BNDX(-8%) |
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 | -1.3% (StdDev 2.6%) |
Hourly BBV | 0.4 () |
Intraday Trend | -2.8% |
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