| USO latest price $30.9700 (-0.8%) ($30.6800 - $31.2850) on Mon. Nov. 30, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.48% (three month average) |
RSI | 76 |
Latest Price | $30.9700(-0.8%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 1.1% a day on average for past five trading days. |
Weekly Trend | USO advances 4% a week on average for past two weeks. |
Market Behavior | Value stocks 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(66%) XOP(64%) OIH(52%) XME(33%) VYM(31%) |
Factors Impacting USO price | USO will decline at least -1.24% in a week (0% probabilities). UUP(-17%) TLT(-15%) VXX(-12%) VIXM(-11%) BNDX(-9%) |
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 | -1.24% (StdDev 2.48%) |
Hourly BBV | 0.4 () |
Intraday Trend | -0.5% |
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