| USO latest price $77.6400 (-0.53%) ($76.4800 - $78.2600) on Wed. Jul. 20, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.68% (three month average) |
RSI | 40 |
Latest Price | $77.6400(-0.53%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 1.2% a day on average for past five trading days. |
Weekly Trend | USO declines -1.7% a week on average for past two weeks. |
Market Behavior | Growth stock 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(70%) XOP(69%) OIH(41%) VFMO(35%) URA(34%) |
Factors Impacting USO price | USO will decline at least -1.34% in a week (0% probabilities). UUP(-23%) TLT(-13%) VXX(-11%) VIXM(-10%) 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 | -1.34% (StdDev 2.68%) |
Hourly BBV | 0.9 () |
Intraday Trend | 0.6% |
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