| USO latest price $79.2900 (-2.24%) ($78.6500 - $82.0400) on Wed. May. 18, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.67% (three month average) |
RSI | 53 |
Latest Price | $79.2900(-2.24%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 0.3% a day on average for past five trading days. |
Weekly Trend | USO advances 1.8% a week on average for past two weeks. |
Market Behavior | Broad based 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(70%) XOP(69%) OIH(47%) URA(38%) VFMO(37%) |
Factors Impacting USO price | USO will decline at least -1.835% in a week (0% probabilities). UUP(-24%) TLT(-15%) VXX(-11%) VIXM(-10%) BNDX(-10%) |
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 | -1.835% (StdDev 3.67%) |
Hourly BBV | -1.8 () |
Intraday Trend | -3.3% |
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