| USO latest price $73.7900 (0.89%) ($72.9400 - $74.2900) on Fri. Aug. 4, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.83% (three month average) |
RSI | 81 |
Latest Price | $73.7900(0.89%) |
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 advances 3.6% a week on average for past two weeks. |
Market Behavior | Growth stock sell-off for large cap. Growth stock sell-off for small cap. |
Correlated ETFs | Broad market will support USO advance at 0% a week (0% probability) XOP(69%) OIH(68%) XLE(68%) XME(29%) GLD(25%) |
Factors Impacting USO price | USO will decline at least -0.915% in a week (0% probabilities). JETS(-17%) EDOC(-11%) XLV(-10%) UUP(-10%) SPLV(-10%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.915% (StdDev 1.83%) |
Hourly BBV | 1.2 () |
Intraday Trend | 0.8% |
| |
|
|