| USO latest price $69.7600 (-0.71%) ($69.6200 - $70.7900) on Mon. Apr. 10, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.07% (three month average) |
RSI | 88 |
Latest Price | $69.7600(-0.71%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 1% a day on average for past five trading days. |
Weekly Trend | USO advances 7.4% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Broad based rally 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(33%) |
Factors Impacting USO price | USO will decline at least -1.035% in a week (0% probabilities). SMH(-14%) UUP(-12%) SHY(-12%) BNDX(-11%) TLT(-9%) |
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 | -1.035% (StdDev 2.07%) |
Hourly BBV | -1.9 () |
Intraday Trend | -0.7% |
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