| USO latest price $70.8200 (-1.1%) ($70.7500 - $71.8600) on Fri. Nov. 24, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.94% (three month average) |
RSI | 39 |
Latest Price | $70.8200(-1.1%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 0.8% a day on average for past five trading days. |
Weekly Trend | USO declines -0.5% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support USO advance at 0% a week (0% probability) XLE(80%) IVW(74%) XOP(73%) OIH(72%) IPO(61%) |
Factors Impacting USO price | USO will decline at least -0.97% in a week (0% probabilities). UUP(-28%) SPLV(-20%) XLV(-9%) XLU(-8%) URA(-3%) |
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 | -0.97% (StdDev 1.94%) |
Hourly BBV | 0 () |
Intraday Trend | -0.2% |
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