| USO latest price $73.7800 (-1.79%) ($73.6000 - $76.1100) on Mon. Oct. 10, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.56% (three month average) |
RSI | 58 |
Latest Price | $73.7800(-1.79%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 1.7% a day on average for past five trading days. |
Weekly Trend | USO advances 4.7% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Growth stock sell-off for small cap. |
Correlated ETFs | Broad market will support USO advance at 0% a week (0% probability) XLE(67%) XOP(67%) VYM(36%) VFMO(30%) XLB(30%) |
Factors Impacting USO price | USO will decline at least -1.28% in a week (0% probabilities). UUP(-21%) VXX(-12%) TLT(-11%) BNDX(-8%) VIXM(-7%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.28% (StdDev 2.56%) |
Hourly BBV | -0.3 () |
Intraday Trend | -2% |
| |
|
|