| USO latest price $69.3600 (1.87%) ($68.2550 - $69.4300) on Tue. Dec. 19, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.14% (three month average) |
RSI | 39 |
Latest Price | $69.3600(1.87%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 1.5% a day on average for past five trading days. |
Weekly Trend | USO declines -1.3% 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) ONLN(82%) IBUY(78%) IDRV(70%) SIL(69%) OIH(76%) |
Factors Impacting USO price | USO will decline at least -1.07% in a week (0% probabilities). EDOC(-75%) UUP(-35%) TBT(-29%) SPLV(-2%) XLP(0%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.07% (StdDev 2.14%) |
Hourly BBV | 1.1 () |
Intraday Trend | 1.6% |
| |
|
|