| USO latest price $65.3200 (1.82%) ($64.1900 - $65.5400) on Thu. Mar. 30, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.08% (three month average) |
RSI | 42 |
Latest Price | $65.3200(1.82%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 1.4% a day on average for past five trading days. |
Weekly Trend | USO advances 1% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support USO advance at 0% a week (0% probability) OIH(70%) XLE(70%) XOP(70%) XME(36%) VYM(34%) |
Factors Impacting USO price | USO will decline at least -1.04% in a week (0% probabilities). SHY(-16%) BNDX(-15%) SMH(-14%) UUP(-13%) TLT(-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 | -1.04% (StdDev 2.08%) |
Hourly BBV | 1.5 () |
Intraday Trend | 0.8% |
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