| OIH latest price $310.1600 (-0.93%) ($309.7900 - $317.9400) on Wed. Dec. 20, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.75% (three month average) |
RSI | 47 |
Latest Price | $310.1600(-0.93%) |
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 advances 0.7% 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) ONLN(91%) XOP(93%) XHB(96%) ACES(89%) DRIV(89%) |
Factors Impacting OIH price | OIH will decline at least -0.875% in a week (0% probabilities). TBT(-61%) UUP(-6%) XLP(-3%) SPLV(-3%) VXX(3%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -0.875% (StdDev 1.75%) |
Hourly BBV | -0.3 () |
Intraday Trend | -0.9% |
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