| USO latest price $43.8400 (-7.12%) ($42.9600 - $45.6600) on Mon. Apr. 6, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.3% (three month average) |
RSI | 49 |
Latest Price | $43.8400(-7.12%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 5.3% a day on average for past five trading days. |
Weekly Trend | USO declines -0.4% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support USO advance at 0% a week (0% probability) XLE(53%) XOP(52%) OIH(45%) VYM(28%) XME(28%) |
Factors Impacting USO price | USO will decline at least -3.15% in a week (0% probabilities). VIXM(-17%) TLT(-14%) VXX(-13%) UUP(-13%) BNDX(-7%) |
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 | -3.15% (StdDev 6.3%) |
Hourly BBV | 0 () |
Intraday Trend | -2.5% |
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