| USO latest price $48.5900 (1.14%) ($48.3200 - $48.8900) on Wed. Sep. 8, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.88% (three month average) |
RSI | 65 |
Latest Price | $48.5900(1.14%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 0.2% 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. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support USO advance at 0% a week (0% probability) XLE(68%) XOP(66%) OIH(51%) XME(32%) URA(30%) |
Factors Impacting USO price | USO will decline at least -0.94% in a week (0% probabilities). UUP(-15%) TLT(-14%) VXX(-11%) VIXM(-11%) 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 | -0.94% (StdDev 1.88%) |
Hourly BBV | 0.7 () |
Intraday Trend | -0.6% |
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