| USO latest price $81.6800 (2.3%) ($78.9420 - $81.7500) on Thu. Oct. 19, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.54% (three month average) |
RSI | 50 |
Latest Price | $81.6800(2.3%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 1.6% a day on average for past five trading days. |
Weekly Trend | USO advances 1.3% 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(66%) XOP(66%) XLE(65%) VIXM(40%) VXX(38%) |
Factors Impacting USO price | USO will decline at least -0.77% in a week (0% probabilities). IGOV(-22%) UUP(-20%) TLT(-12%) LQD(-12%) SPLV(-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 | -0.77% (StdDev 1.54%) |
Hourly BBV | 2 () |
Intraday Trend | 2.9% |
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