| USO latest price $19.6700 (4.29%) ($18.3600 - $19.6800) on Mon. May. 4, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 7.72% (three month average) |
RSI | 19 |
Latest Price | $19.6700(4.29%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 2.4% a day on average for past five trading days. |
Weekly Trend | USO declines -27.8% 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) XLE(61%) XOP(60%) OIH(51%) XME(34%) VYM(33%) |
Factors Impacting USO price | USO will decline at least -3.86% in a week (0% probabilities). VIXM(-17%) UUP(-17%) TLT(-16%) VXX(-13%) BNDX(-9%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -3.86% (StdDev 7.72%) |
Hourly BBV | 2.4 () |
Intraday Trend | 5.9% |
| |
|
|