| USO latest price $47.2000 (15.46%) ($43.5200 - $48.1600) on Fri. Apr. 3, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.26% (three month average) |
RSI | 49 |
Latest Price | $47.2000(15.46%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 6.4% a day on average for past five trading days. |
Weekly Trend | USO declines -5.3% 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 USO advance at 0% a week (0% probability) XLE(53%) XOP(52%) OIH(45%) XME(28%) VYM(26%) |
Factors Impacting USO price | USO will decline at least -3.13% in a week (0% probabilities). VIXM(-16%) TLT(-15%) VXX(-12%) UUP(-12%) BNDX(-8%) |
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 | -3.13% (StdDev 6.26%) |
Hourly BBV | 1.5 () |
Intraday Trend | 3.5% |
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