| USO latest price $88.3900 (-1.21%) ($87.8500 - $89.2200) on Mon. Jun. 6, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.38% (three month average) |
RSI | 65 |
Latest Price | $88.3900(-1.21%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 0.7% a day on average for past five trading days. |
Weekly Trend | USO advances 3.8% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Value stock rally for small cap. |
Correlated ETFs | Broad market will support USO advance at 0% a week (0% probability) XLE(69%) XOP(69%) OIH(45%) URA(37%) VFMO(36%) |
Factors Impacting USO price | USO will decline at least -1.69% in a week (0% probabilities). UUP(-25%) TLT(-15%) VXX(-11%) BNDX(-11%) VIXM(-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 | -1.69% (StdDev 3.38%) |
Hourly BBV | 0.5 () |
Intraday Trend | -0.8% |
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