| USO latest price $74.3200 (1.18%) ($71.4500 - $74.9800) on Wed. Aug. 10, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.55% (three month average) |
RSI | 48 |
Latest Price | $74.3200(1.18%) |
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 declines -2.1% 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(70%) XOP(69%) OIH(38%) VFMO(34%) VYM(34%) |
Factors Impacting USO price | USO will decline at least -1.275% in a week (0% probabilities). UUP(-23%) VXX(-12%) TLT(-11%) VIXM(-9%) BNDX(-6%) |
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 | -1.275% (StdDev 2.55%) |
Hourly BBV | 1.3 () |
Intraday Trend | 1.5% |
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