| O latest price $62.3300 (0.65%) ($61.7900 - $62.6200) on Fri. Apr. 21, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.11% (three month average) |
RSI | 38 |
Latest Price | $62.3300(0.65%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | O advances 0.5% a day on average for past five trading days. |
Weekly Trend | O declines -0.9% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support O advance at 0% a week (0% probability) XLRE(80%) SDY(67%) SPLV(67%) XLU(63%) VYM(61%) |
Factors Impacting O price | O will decline at least -0.555% in a week (0% probabilities). VXX(-40%) VIXM(-35%) TBT(-21%) UUP(-14%) SMH(-12%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.555% (StdDev 1.11%) |
Hourly BBV | 1.7 () |
Intraday Trend | 0.4% |
| |
|
|