| USO latest price $24.4400 (0.53%) ($24.0400 - $24.7100) on Tue. May. 19, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 7.94% (three month average) |
RSI | 80 |
Latest Price | $24.4400(0.53%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 3.2% a day on average for past five trading days. |
Weekly Trend | USO advances 8% a week on average for past two weeks. |
Market Behavior | Value stocks sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support USO advance at 0% a week (0% probability) XLE(64%) XOP(62%) OIH(53%) VYM(36%) XME(36%) |
Factors Impacting USO price | USO will decline at least -3.97% in a week (0% probabilities). VIXM(-18%) UUP(-18%) TLT(-17%) VXX(-14%) BNDX(-10%) |
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 | -3.97% (StdDev 7.94%) |
Hourly BBV | 0.7 () |
Intraday Trend | -0.1% |
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