| OPEN latest price $17.2850 (3.5%) ($17.2850 - $17.2850) on Fri. Aug. 27, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.46% (three month average) |
RSI | 62 |
Latest Price | $17.2850(3.5%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | OPEN advances 2.4% a day on average for past five trading days. |
Weekly Trend | OPEN advances 3.4% 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 OPEN advance at 0% a week (0% probability) IBUY(74%) ARKK(73%) SKYY(73%) IPO(72%) IWO(71%) |
Factors Impacting OPEN price | OPEN will decline at least -2.23% in a week (0% probabilities). VIXM(-51%) VXX(-37%) UUP(-15%) TLT(-7%) IGOV(-4%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.23% (StdDev 4.46%) |
Hourly BBV | 0.7 () |
Intraday Trend | 0% |
| |
|
|