| OIH latest price $115.4400 (-1.6%) ($114.3500 - $119.3800) on Fri. Sep. 18, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.13% (three month average) |
RSI | 27 |
Latest Price | $115.4400(-1.6%) |
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 declines -4% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Value stock sell-off for small cap. |
Correlated ETFs | Broad market will support OIH advance at 0% a week (0% probability) XLE(79%) XOP(77%) IWN(63%) IFRA(60%) IWD(59%) |
Factors Impacting OIH price | OIH will decline at least -1.565% in a week (0% probabilities). VIXM(-29%) UUP(-19%) TLT(-18%) BNDX(-13%) VXX(-11%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.565% (StdDev 3.13%) |
Hourly BBV | -1.4 () |
Intraday Trend | -1.5% |
| |
|
|