| USO latest price $68.5800 (-1.37%) ($67.5300 - $69.2200) on Wed. Dec. 28, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.16% (three month average) |
RSI | 68 |
Latest Price | $68.5800(-1.37%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 0.7% a day on average for past five trading days. |
Weekly Trend | USO advances 3.6% 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(69%) XOP(68%) VYM(34%) VFMO(27%) XLB(27%) |
Factors Impacting USO price | USO will decline at least -1.08% in a week (0% probabilities). UUP(-16%) VXX(-13%) TLT(-13%) BNDX(-12%) VCIT(-8%) |
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 | -1.08% (StdDev 2.16%) |
Hourly BBV | 0.1 () |
Intraday Trend | -0.9% |
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