| USO latest price $27.5000 (1.4%) ($26.8100 - $27.6250) on Thu. Jun. 4, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 7.96% (three month average) |
RSI | 84 |
Latest Price | $27.5000(1.4%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 1.9% a day on average for past five trading days. |
Weekly Trend | USO advances 6.3% 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(64%) XOP(62%) OIH(52%) VYM(35%) XME(35%) |
Factors Impacting USO price | USO will decline at least -3.98% in a week (0% probabilities). VIXM(-18%) UUP(-17%) 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 | -3.98% (StdDev 7.96%) |
Hourly BBV | 1.6 () |
Intraday Trend | 1.6% |
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