| USO latest price $76.5000 (-1.97%) ($75.8300 - $78.3800) on Thu. Aug. 25, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.53% (three month average) |
RSI | 64 |
Latest Price | $76.5000(-1.97%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 0.6% a day on average for past five trading days. |
Weekly Trend | USO advances 1.6% 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(36%) VYM(35%) VFMO(33%) |
Factors Impacting USO price | USO will decline at least -1.265% in a week (0% probabilities). UUP(-23%) VXX(-12%) TLT(-10%) VIXM(-9%) BNDX(-4%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.265% (StdDev 2.53%) |
Hourly BBV | -1.3 () |
Intraday Trend | -2.3% |
| |
|
|