| USO latest price $40.6400 (2.01%) ($38.0000 - $41.2800) on Wed. Mar. 25, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.38% (three month average) |
RSI | 27 |
Latest Price | $40.6400(2.01%) |
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 -19.7% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Value stock rally for small cap. |
Correlated ETFs | Broad market will support USO advance at 0% a week (0% probability) XLE(55%) XOP(53%) OIH(48%) XME(32%) XAR(30%) |
Factors Impacting USO price | USO will decline at least -2.69% in a week (0% probabilities). VIXM(-24%) VXX(-15%) TLT(-12%) UUP(-8%) IGOV(-6%) |
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 | -2.69% (StdDev 5.38%) |
Hourly BBV | 1.7 () |
Intraday Trend | 3.9% |
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