| USO latest price $71.4300 (1.09%) ($70.7200 - $71.9900) on Thu. Jul. 27, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.05% (three month average) |
RSI | 72 |
Latest Price | $71.4300(1.09%) |
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 2.7% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support USO advance at 0% a week (0% probability) XLE(69%) XOP(69%) OIH(68%) XME(30%) GLD(24%) |
Factors Impacting USO price | USO will decline at least -1.025% in a week (0% probabilities). EDOC(-20%) JETS(-16%) UUP(-9%) TLT(-9%) SPLV(-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 | -1.025% (StdDev 2.05%) |
Hourly BBV | 0.9 () |
Intraday Trend | 0.4% |
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