| USO latest price $73.1700 (1.5%) ($72.5600 - $73.2900) on Mon. Jul. 31, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.02% (three month average) |
RSI | 73 |
Latest Price | $73.1700(1.5%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 0.7% a day on average for past five trading days. |
Weekly Trend | USO advances 3.1% 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(69%) XOP(69%) OIH(68%) XME(30%) GLD(24%) |
Factors Impacting USO price | USO will decline at least -1.01% in a week (0% probabilities). JETS(-18%) XLV(-10%) UUP(-10%) SPLV(-10%) PCY(-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 | -1.01% (StdDev 2.02%) |
Hourly BBV | 1.9 () |
Intraday Trend | 0.6% |
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