| USO latest price $78.9900 (4.73%) ($77.1600 - $79.1800) on Fri. Oct. 13, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.57% (three month average) |
RSI | 46 |
Latest Price | $78.9900(4.73%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 1.3% a day on average for past five trading days. |
Weekly Trend | USO declines -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) OIH(72%) XLE(71%) XOP(71%) GLD(42%) VIXM(39%) |
Factors Impacting USO price | USO will decline at least -0.785% in a week (0% probabilities). IGOV(-20%) JETS(-18%) UUP(-17%) VUG(-11%) IWF(-11%) |
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 | -0.785% (StdDev 1.57%) |
Hourly BBV | 1.8 () |
Intraday Trend | 1.6% |
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