| USO latest price $27.8900 (2.24%) ($27.2410 - $28.0210) on Thu. Jun. 18, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 6.61% (three month average) |
RSI | 65 |
Latest Price | $27.8900(2.24%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 1.1% a day on average for past five trading days. |
Weekly Trend | USO advances 0.7% 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(65%) XOP(64%) OIH(53%) XME(36%) VYM(35%) |
Factors Impacting USO price | USO will decline at least -3.305% in a week (0% probabilities). VIXM(-17%) 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 | -3.305% (StdDev 6.61%) |
Hourly BBV | 1.4 () |
Intraday Trend | 2.2% |
| |
|
|