| O latest price $54.8600 (0.83%) ($54.0900 - $56.0900) on Fri. May. 8, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 6.54% (three month average) |
RSI | 62 |
Latest Price | $54.8600(0.83%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | O advances 1.2% a day on average for past five trading days. |
Weekly Trend | O advances 2.6% 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) SDY(68%) XLRE(66%) IWD(62%) IFRA(61%) IVE(61%) |
Factors Impacting O price | O will decline at least -3.27% in a week (0% probabilities). VIXM(-42%) UUP(-21%) VXX(-15%) TLT(-0%) TBT(0%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -3.27% (StdDev 6.54%) |
Hourly BBV | 1 () |
Intraday Trend | -0.8% |
| |
|
|