| OIH latest price $345.0100 (1.57%) ($341.4900 - $347.8000) on Fri. Oct. 13, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.48% (three month average) |
RSI | 46 |
Latest Price | $345.0100(1.57%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | OIH advances 1.2% a day on average for past five trading days. |
Weekly Trend | OIH declines -1.1% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support OIH advance at 0% a week (0% probability) XOP(91%) XLE(88%) USO(72%) XME(65%) VYM(57%) |
Factors Impacting OIH price | OIH will decline at least -0.74% in a week (0% probabilities). UUP(-14%) TBT(-11%) SHY(-6%) BNDX(-2%) VXX(-1%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.74% (StdDev 1.48%) |
Hourly BBV | 1.3 () |
Intraday Trend | -0.4% |
| |
|
|