| USO latest price $21.5100 (9.35%) ($20.7400 - $21.7900) on Tue. May. 5, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 7.83% (three month average) |
RSI | 27 |
Latest Price | $21.5100(9.35%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 4.8% a day on average for past five trading days. |
Weekly Trend | USO declines -22.2% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Growth stock rally 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 -3.915% 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. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -3.915% (StdDev 7.83%) |
Hourly BBV | 1.6 () |
Intraday Trend | 3.6% |
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