| O latest price $60.0500 (-0.83%) ($58.9700 - $60.1640) on Fri. Jul. 31, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.41% (three month average) |
RSI | 64 |
Latest Price | $60.0500(-0.83%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | O advances 0.9% a day on average for past five trading days. |
Weekly Trend | O advances 1.9% 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 O advance at 0% a week (0% probability) SDY(65%) XLRE(63%) SPLV(59%) IVE(58%) IWD(58%) |
Factors Impacting O price | O will decline at least -1.205% in a week (0% probabilities). VIXM(-37%) UUP(-18%) VXX(-12%) TBT(-7%) EDOC(-4%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.205% (StdDev 2.41%) |
Hourly BBV | -0.7 () |
Intraday Trend | -0.2% |
| |
|
|