| USO latest price $41.8400 (3.23%) ($40.3000 - $42.1750) on Thu. Apr. 1, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.33% (three month average) |
RSI | 42 |
Latest Price | $41.8400(3.23%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 1% a day on average for past five trading days. |
Weekly Trend | USO declines -2.1% 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(68%) XOP(65%) OIH(52%) XME(34%) URA(31%) |
Factors Impacting USO price | USO will decline at least -1.165% in a week (0% probabilities). UUP(-16%) TLT(-15%) VXX(-11%) 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 | -1.165% (StdDev 2.33%) |
Hourly BBV | 1.6 () |
Intraday Trend | 0.9% |
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