| USO latest price $75.4200 (-0.33%) ($74.6200 - $76.6090) on Thu. Oct. 12, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.48% (three month average) |
RSI | 36 |
Latest Price | $75.4200(-0.33%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 0.4% a day on average for past five trading days. |
Weekly Trend | USO declines -3.4% 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) OIH(72%) XLE(71%) XOP(71%) GLD(41%) VIXM(38%) |
Factors Impacting USO price | USO will decline at least -0.74% in a week (0% probabilities). IGOV(-21%) JETS(-19%) UUP(-16%) VUG(-12%) IWF(-12%) |
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 | -0.74% (StdDev 1.48%) |
Hourly BBV | -0.9 () |
Intraday Trend | -1.5% |
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