| USO latest price $70.2300 (2.77%) ($69.5500 - $70.4400) on Wed. Nov. 30, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.4% (three month average) |
RSI | 46 |
Latest Price | $70.2300(2.77%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 0.1% a day on average for past five trading days. |
Weekly Trend | USO declines -3.3% 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(68%) XOP(67%) VYM(37%) VFMO(30%) XLF(30%) |
Factors Impacting USO price | USO will decline at least -1.2% in a week (0% probabilities). UUP(-16%) VXX(-13%) TLT(-13%) BNDX(-11%) VCIT(-7%) |
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 | -1.2% (StdDev 2.4%) |
Hourly BBV | 1.4 () |
Intraday Trend | -0.1% |
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