| USO latest price $78.4200 (3.21%) ($75.8900 - $78.5600) on Wed. Apr. 13, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.32% (three month average) |
RSI | 47 |
Latest Price | $78.4200(3.21%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 1.5% a day on average for past five trading days. |
Weekly Trend | USO declines -1.8% 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(69%) XOP(67%) OIH(47%) VFMO(36%) URA(35%) |
Factors Impacting USO price | USO will decline at least -1.66% in a week (0% probabilities). UUP(-23%) TLT(-14%) 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 | -1.66% (StdDev 3.32%) |
Hourly BBV | 1.3 () |
Intraday Trend | 1.6% |
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