| USO latest price $872.4000 (-2.78%) ($863.4400 - $892.9600) on Mon. Jun. 9, 2008. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.26% (three month average) |
RSI | 59 |
Latest Price | $872.4000(-2.78%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 1.2% a day on average for past five trading days. |
Weekly Trend | USO declines -0.2% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support USO advance at 0% a week (0% probability) XOP(66%) OIH(62%) VWO(42%) EEM(41%) SPY(39%) |
Factors Impacting USO price | USO will decline at least -1.13% in a week (0% probabilities). TLT(-26%) SHY(-12%) TIP(3%) LQD(3%) PCY(13%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.13% (StdDev 2.26%) |
Hourly BBV | 0 () |
Intraday Trend | -0.9% |
| |
|
|