| O latest price $62.2200 (-0.86%) ($61.9650 - $62.6310) on Tue. May. 9, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.19% (three month average) |
RSI | 54 |
Latest Price | $62.2200(-0.86%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | O advances 0.3% a day on average for past five trading days. |
Weekly Trend | O advances 0.1% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support O advance at 0% a week (0% probability) XLRE(80%) SDY(66%) SPLV(65%) VYM(63%) IWD(62%) |
Factors Impacting O price | O will decline at least -0.595% in a week (0% probabilities). VXX(-43%) VIXM(-39%) TBT(-23%) UUP(-18%) SMH(-13%) |
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 | -0.595% (StdDev 1.19%) |
Hourly BBV | -0.6 () |
Intraday Trend | -0.3% |
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