| USO latest price $65.3300 (1.68%) ($64.3400 - $65.3500) on Wed. Dec. 13, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.09% (three month average) |
RSI | 32 |
Latest Price | $65.3300(1.68%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 0.2% a day on average for past five trading days. |
Weekly Trend | USO declines -4% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support USO advance at 0% a week (0% probability) XOP(90%) OIH(84%) ONLN(81%) XME(77%) SKYY(70%) |
Factors Impacting USO price | USO will decline at least -1.045% in a week (0% probabilities). UUP(-30%) TLT(-8%) LQD(-8%) VXX(-7%) JETS(-7%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.045% (StdDev 2.09%) |
Hourly BBV | -0.1 () |
Intraday Trend | 1.4% |
| |
|
|