| USO latest price $28.9600 (0.73%) ($28.7700 - $29.2600) on Mon. Jul. 6, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.52% (three month average) |
RSI | 63 |
Latest Price | $28.9600(0.73%) |
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 1.6% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support USO advance at 0% a week (0% probability) XLE(64%) XOP(64%) OIH(52%) XME(34%) VYM(33%) |
Factors Impacting USO price | USO will decline at least -2.76% in a week (0% probabilities). UUP(-17%) TLT(-16%) VIXM(-14%) VXX(-12%) BNDX(-9%) |
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 | -2.76% (StdDev 5.52%) |
Hourly BBV | 0.9 () |
Intraday Trend | 0.6% |
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