| OIH latest price $271.2100 (2.81%) ($263.2400 - $273.4300) on Tue. May. 3, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.79% (three month average) |
RSI | 40 |
Latest Price | $271.2100(2.81%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | OIH advances 0.5% a day on average for past five trading days. |
Weekly Trend | OIH declines -5.7% 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 OIH advance at 0% a week (0% probability) XLE(63%) IWD(60%) XOP(60%) IWN(59%) IFRA(58%) |
Factors Impacting OIH price | OIH will decline at least -1.395% in a week (0% probabilities). VIXM(-26%) UUP(-23%) SHY(-15%) BNDX(-11%) TLT(-6%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.395% (StdDev 2.79%) |
Hourly BBV | 1.1 () |
Intraday Trend | 2.6% |
| |
|
|