| OIH latest price $231.8900 (-2.56%) ($229.0300 - $241.0000) on Wed. Aug. 3, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.49% (three month average) |
RSI | 72 |
Latest Price | $231.8900(-2.56%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | OIH advances 0.1% a day on average for past five trading days. |
Weekly Trend | OIH advances 5.4% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support OIH advance at 0% a week (0% probability) IWD(58%) IWN(57%) IWM(56%) IWO(55%) PAVE(55%) |
Factors Impacting OIH price | OIH will decline at least -1.745% in a week (0% probabilities). UUP(-20%) VIXM(-19%) SHY(-15%) BNDX(-11%) VXX(-4%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.745% (StdDev 3.49%) |
Hourly BBV | -0.9 () |
Intraday Trend | -3.6% |
| |
|
|