| USO latest price $70.2700 (5.76%) ($69.6300 - $70.7000) on Mon. Apr. 3, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.16% (three month average) |
RSI | 66 |
Latest Price | $70.2700(5.76%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 1.9% a day on average for past five trading days. |
Weekly Trend | USO advances 5% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support USO advance at 0% a week (0% probability) XLE(71%) OIH(70%) XOP(70%) XME(36%) VYM(34%) |
Factors Impacting USO price | USO will decline at least -1.08% in a week (0% probabilities). SHY(-15%) SMH(-14%) UUP(-13%) BNDX(-13%) TLT(-10%) |
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 | 1.3 () |
Intraday Trend | 0.5% |
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