| USO latest price $40.8800 (16.67%) ($36.0000 - $45.3600) on Thu. Apr. 2, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 5.92% (three month average) |
RSI | 35 |
Latest Price | $40.8800(16.67%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 1.3% a day on average for past five trading days. |
Weekly Trend | USO declines -11.6% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support USO advance at 0% a week (0% probability) XLE(52%) XOP(52%) OIH(45%) XME(28%) VYM(26%) |
Factors Impacting USO price | USO will decline at least -2.96% in a week (0% probabilities). VIXM(-16%) TLT(-15%) VXX(-13%) UUP(-12%) BNDX(-8%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.96% (StdDev 5.92%) |
Hourly BBV | 1.6 () |
Intraday Trend | 11.6% |
| |
|
|