| OIH latest price $118.7600 (-2.65%) ($115.3500 - $120.6100) on Fri. May. 29, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 7.88% (three month average) |
RSI | 58 |
Latest Price | $118.7600(-2.65%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | OIH advances 0.7% a day on average for past five trading days. |
Weekly Trend | OIH advances 6.1% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support OIH advance at 0% a week (0% probability) XLE(81%) XOP(79%) IWN(67%) IFRA(64%) IWD(63%) |
Factors Impacting OIH price | OIH will decline at least -3.94% in a week (0% probabilities). VIXM(-33%) TLT(-21%) UUP(-20%) BNDX(-13%) VXX(-12%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -3.94% (StdDev 7.88%) |
Hourly BBV | -0.2 () |
Intraday Trend | -1.5% |
| |
|
|