| USO latest price $22.3900 (4.38%) ($21.6830 - $22.6100) on Fri. May. 15, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 7.85% (three month average) |
RSI | 75 |
Latest Price | $22.3900(4.38%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 0.9% a day on average for past five trading days. |
Weekly Trend | USO advances 7.9% 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(64%) XOP(63%) OIH(53%) XME(37%) VYM(36%) |
Factors Impacting USO price | USO will decline at least -3.925% 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 | -3.925% (StdDev 7.85%) |
Hourly BBV | 1.6 () |
Intraday Trend | 2% |
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