| USO latest price $75.8500 (-0.85%) ($74.7500 - $76.1900) on Fri. Aug. 26, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.51% (three month average) |
RSI | 57 |
Latest Price | $75.8500(-0.85%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 0.5% a day on average for past five trading days. |
Weekly Trend | USO advances 1.5% 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(36%) VYM(36%) VFMO(34%) |
Factors Impacting USO price | USO will decline at least -1.255% 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. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -1.255% (StdDev 2.51%) |
Hourly BBV | -0.8 () |
Intraday Trend | 0.5% |
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