| USO latest price $68.6100 (0.82%) ($68.4200 - $69.3200) on Thu. Jan. 12, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.15% (three month average) |
RSI | 58 |
Latest Price | $68.6100(0.82%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 1.2% a day on average for past five trading days. |
Weekly Trend | USO declines -1.1% a week on average for past two weeks. |
Market Behavior | Value stock 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(69%) OIH(68%) XOP(68%) VYM(34%) XME(33%) |
Factors Impacting USO price | USO will decline at least -1.075% in a week (0% probabilities). BNDX(-17%) SHY(-16%) UUP(-15%) VXX(-13%) TLT(-12%) |
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 | -1.075% (StdDev 2.15%) |
Hourly BBV | 1 () |
Intraday Trend | -0.7% |
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