| O latest price $70.6100 (1.82%) ($69.2000 - $70.6200) on Wed. Jun. 2, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.12% (three month average) |
RSI | 85 |
Latest Price | $70.6100(1.82%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | O advances 0.5% a day on average for past five trading days. |
Weekly Trend | O advances 3% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Rotation from growth to value for small cap. |
Correlated ETFs | Broad market will support O advance at 0% a week (0% probability) SPLV(67%) SDY(66%) IVE(60%) IWD(60%) XLRE(60%) |
Factors Impacting O price | O will decline at least -0.56% in a week (0% probabilities). VIXM(-39%) UUP(-21%) VXX(-11%) TBT(-11%) IGOV(2%) |
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 | -0.56% (StdDev 1.12%) |
Hourly BBV | 1.9 () |
Intraday Trend | 1.6% |
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