| OIH latest price $253.5400 (2.18%) ($247.3200 - $254.5700) on Wed. Aug. 24, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.25% (three month average) |
RSI | 75 |
Latest Price | $253.5400(2.18%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | OIH advances 1.9% a day on average for past five trading days. |
Weekly Trend | OIH advances 3.8% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support OIH advance at 0% a week (0% probability) IWD(59%) IWM(58%) IWN(58%) IWO(57%) PAVE(56%) |
Factors Impacting OIH price | OIH will decline at least -1.625% in a week (0% probabilities). UUP(-21%) VIXM(-18%) SHY(-15%) BNDX(-9%) VXX(-4%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.625% (StdDev 3.25%) |
Hourly BBV | 1.1 () |
Intraday Trend | 2.4% |
| |
|
|