| USO latest price $21.4700 (4.89%) ($20.6600 - $21.6700) on Fri. May. 8, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 7.81% (three month average) |
RSI | 33 |
Latest Price | $21.4700(4.89%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 2.6% a day on average for past five trading days. |
Weekly Trend | USO declines -3.8% 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(63%) XOP(62%) OIH(52%) XME(36%) VYM(35%) |
Factors Impacting USO price | USO will decline at least -3.905% in a week (0% probabilities). VIXM(-19%) UUP(-18%) TLT(-17%) VXX(-14%) 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 | -3.905% (StdDev 7.81%) |
Hourly BBV | 1.4 () |
Intraday Trend | 1.9% |
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