| USO latest price $28.8700 (4.98%) ($28.3700 - $29.1900) on Fri. Jun. 5, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 7.99% (three month average) |
RSI | 83 |
Latest Price | $28.8700(4.98%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 2.2% a day on average for past five trading days. |
Weekly Trend | USO advances 5.6% 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(64%) XOP(62%) OIH(52%) VYM(35%) XME(35%) |
Factors Impacting USO price | USO will decline at least -3.995% 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. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -3.995% (StdDev 7.99%) |
Hourly BBV | 1.4 () |
Intraday Trend | 1% |
| |
|
|