| O latest price $60.1600 (5.17%) ($58.0150 - $60.5900) on Wed. Jun. 3, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.55% (three month average) |
RSI | 82 |
Latest Price | $60.1600(5.17%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | O advances 1.7% a day on average for past five trading days. |
Weekly Trend | O advances 5.6% 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) SDY(67%) XLRE(66%) IVE(61%) IWD(61%) IFRA(60%) |
Factors Impacting O price | O will decline at least -3.275% in a week (0% probabilities). VIXM(-40%) UUP(-20%) VXX(-14%) TBT(-2%) TLT(1%) |
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 | -3.275% (StdDev 6.55%) |
Hourly BBV | 1.6 () |
Intraday Trend | 3.5% |
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