| USO latest price $70.5900 (1.55%) ($69.6900 - $71.1400) on Thu. Jan. 19, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.13% (three month average) |
RSI | 51 |
Latest Price | $70.5900(1.55%) |
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 1.7% a week on average for past two weeks. |
Market Behavior | Value stocks 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(69%) OIH(68%) VYM(37%) XME(36%) |
Factors Impacting USO price | USO will decline at least -1.065% in a week (0% probabilities). SHY(-16%) UUP(-15%) BNDX(-14%) VXX(-13%) SMH(-11%) |
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 | -1.065% (StdDev 2.13%) |
Hourly BBV | 0.2 () |
Intraday Trend | 0.6% |
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