| USO latest price $29.1800 (1.35%) ($28.8400 - $29.2900) on Wed. Jul. 8, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.4% (three month average) |
RSI | 63 |
Latest Price | $29.1800(1.35%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 0.8% a day on average for past five trading days. |
Weekly Trend | USO advances 1.2% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Growth stock rally 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 -2.7% 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 | -2.7% (StdDev 5.4%) |
Hourly BBV | 1.5 () |
Intraday Trend | 0.5% |
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