| USO latest price $102.2400 (0.31%) ($101.6800 - $102.8000) on Thu. Dec. 19, 2019. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.47% (three month average) |
RSI | 94 |
Latest Price | $102.2400(0.31%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 0.7% a day on average for past five trading days. |
Weekly Trend | USO advances 3.2% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support USO advance at 0% a week (0% probability) XLE(60%) XOP(60%) OIH(54%) XME(37%) VYM(35%) |
Factors Impacting USO price | USO will decline at least -0.735% in a week (0% probabilities). VIXM(-30%) VXX(-18%) TLT(-17%) BNDX(-5%) SHY(-4%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.735% (StdDev 1.47%) |
Hourly BBV | 0.6 () |
Intraday Trend | 0.2% |
| |
|
|