| USO latest price $42.9600 (5.5%) ($39.5200 - $43.2000) on Wed. Apr. 8, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.39% (three month average) |
RSI | 50 |
Latest Price | $42.9600(5.5%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 3.8% a day on average for past five trading days. |
Weekly Trend | USO advances 4.5% 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 USO advance at 0% a week (0% probability) XLE(53%) XOP(52%) OIH(45%) VYM(28%) XME(28%) |
Factors Impacting USO price | USO will decline at least -3.195% in a week (0% probabilities). VIXM(-17%) TLT(-14%) UUP(-13%) VXX(-12%) BNDX(-7%) |
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 | -3.195% (StdDev 6.39%) |
Hourly BBV | 0.1 () |
Intraday Trend | 5.7% |
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