| USO latest price $220.8800 (8.74%) ($213.2800 - $223.6800) on Wed. Mar. 4, 2009. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.75% (three month average) |
RSI | 54 |
Latest Price | $220.8800(8.74%) |
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 advances 3.4% 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(61%) EEM(41%) VWO(41%) SPY(38%) |
Factors Impacting USO price | USO will decline at least -2.375% in a week (0% probabilities). TLT(-24%) SHY(-10%) LQD(-0%) TIP(5%) IGOV(8%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.375% (StdDev 4.75%) |
Hourly BBV | 0 () |
Intraday Trend | 2.5% |
| |
|
|