| USO latest price $35.2600 (-0.48%) ($34.8100 - $35.4050) on Mon. Jan. 11, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2% (three month average) |
RSI | 61 |
Latest Price | $35.2600(-0.48%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 1.7% a day on average for past five trading days. |
Weekly Trend | USO advances 3.1% a week on average for past two weeks. |
Market Behavior | Growth stock sell-off for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support USO advance at 0% a week (0% probability) XLE(67%) XOP(66%) OIH(52%) XME(33%) URA(30%) |
Factors Impacting USO price | USO will decline at least -1% in a week (0% probabilities). UUP(-16%) 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% (StdDev 2%) |
Hourly BBV | 0.9 () |
Intraday Trend | 1.1% |
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