| USO latest price $71.5000 (-0.07%) ($71.2900 - $72.2500) on Mon. Jan. 23, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.13% (three month average) |
RSI | 52 |
Latest Price | $71.5000(-0.07%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 0.4% a day on average for past five trading days. |
Weekly Trend | USO advances 3.5% 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(70%) OIH(69%) XOP(69%) VYM(36%) XME(35%) |
Factors Impacting USO price | USO will decline at least -1.065% in a week (0% probabilities). SHY(-16%) BNDX(-16%) UUP(-15%) VXX(-13%) TLT(-12%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.065% (StdDev 2.13%) |
Hourly BBV | 0.5 () |
Intraday Trend | -0.4% |
| |
|
|