| USO latest price $28.4300 (0.04%) ($27.7200 - $29.0700) on Wed. Jun. 10, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 7.17% (three month average) |
RSI | 70 |
Latest Price | $28.4300(0.04%) |
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 5.3% 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(65%) XOP(63%) OIH(53%) XME(36%) VYM(35%) |
Factors Impacting USO price | USO will decline at least -3.585% 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 | -3.585% (StdDev 7.17%) |
Hourly BBV | 0.9 () |
Intraday Trend | 1.2% |
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