| USO latest price $63.7900 (-0.37%) ($63.0100 - $64.4300) on Tue. Jun. 6, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.28% (three month average) |
RSI | 56 |
Latest Price | $63.7900(-0.37%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 0.5% a day on average for past five trading days. |
Weekly Trend | USO declines -0.7% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support USO advance at 0% a week (0% probability) OIH(68%) XOP(68%) XLE(67%) XME(35%) REMX(24%) |
Factors Impacting USO price | USO will decline at least -1.14% in a week (0% probabilities). UUP(-12%) BNDX(-12%) JETS(-11%) CEMB(-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 | -1.14% (StdDev 2.28%) |
Hourly BBV | -0.7 () |
Intraday Trend | 1.1% |
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