| USO latest price $740.3200 (-5.77%) ($738.0000 - $774.6400) on Fri. Aug. 22, 2008. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.64% (three month average) |
RSI | 40 |
Latest Price | $740.3200(-5.77%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 0.2% a day on average for past five trading days. |
Weekly Trend | USO declines -0.8% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support USO advance at 0% a week (0% probability) XOP(66%) OIH(62%) VWO(43%) EEM(42%) SPY(41%) |
Factors Impacting USO price | USO will decline at least -1.32% in a week (0% probabilities). TLT(-26%) SHY(-13%) TIP(2%) LQD(3%) PCY(14%) |
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 | -1.32% (StdDev 2.64%) |
Hourly BBV | 0 () |
Intraday Trend | -4.4% |
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