| USO latest price $89.2800 (-1.06%) ($87.9200 - $89.6400) on Fri. Feb. 21, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.51% (three month average) |
RSI | 56 |
Latest Price | $89.2800(-1.06%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 0.6% a day on average for past five trading days. |
Weekly Trend | USO advances 2.3% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off 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(36%) |
Factors Impacting USO price | USO will decline at least -0.755% in a week (0% probabilities). VIXM(-30%) VXX(-18%) TLT(-17%) SHY(-8%) BNDX(-5%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -0.755% (StdDev 1.51%) |
Hourly BBV | -0.4 () |
Intraday Trend | 0.7% |
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