| USO latest price $73.3200 (1.26%) ($71.7900 - $73.3500) on Tue. Aug. 29, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.68% (three month average) |
RSI | 38 |
Latest Price | $73.3200(1.26%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 0.3% a day on average for past five trading days. |
Weekly Trend | USO declines -1.1% a week on average for past two weeks. |
Market Behavior | Broad based 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%) XLE(68%) XOP(67%) VIXM(30%) VXX(28%) |
Factors Impacting USO price | USO will decline at least -0.84% in a week (0% probabilities). EDOC(-37%) JETS(-18%) PCY(-14%) LQD(-13%) EMHY(-13%) |
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 | -0.84% (StdDev 1.68%) |
Hourly BBV | 1.7 () |
Intraday Trend | 0.9% |
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