| O latest price $61.7300 (1.21%) ($61.2400 - $62.1300) on Wed. Jul. 19, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 0.95% (three month average) |
RSI | 61 |
Latest Price | $61.7300(1.21%) |
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 0.9% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Value stock rally for small cap. |
Correlated ETFs | Broad market will support O advance at 0% a week (0% probability) DIA(86%) GLD(82%) SDY(79%) XLRE(79%) IVE(77%) |
Factors Impacting O price | O will decline at least -0.475% in a week (0% probabilities). VXX(-56%) VIXM(-56%) TBT(-51%) UUP(-33%) USO(-6%) |
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 | -0.475% (StdDev 0.95%) |
Hourly BBV | 1.7 () |
Intraday Trend | 0.6% |
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