| USO latest price $78.8900 (-2.24%) ($78.3500 - $80.2700) on Mon. Oct. 23, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.57% (three month average) |
RSI | 47 |
Latest Price | $78.8900(-2.24%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 0.1% a day on average for past five trading days. |
Weekly Trend | USO advances 2.6% a week on average for past two weeks. |
Market Behavior | Value stocks 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(64%) XLE(62%) VIXM(31%) XME(31%) |
Factors Impacting USO price | USO will decline at least -0.785% in a week (0% probabilities). IGOV(-24%) UUP(-22%) TLT(-18%) SPLV(-17%) LQD(-16%) |
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 | -1.5 () |
Intraday Trend | -1.7% |
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