| USO latest price $29.7500 (0.1%) ($29.3610 - $29.8900) on Wed. Jul. 22, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.63% (three month average) |
RSI | 65 |
Latest Price | $29.7500(0.1%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 0.3% a day on average for past five trading days. |
Weekly Trend | USO advances 1% a week on average for past two weeks. |
Market Behavior | Growth stock rally 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(52%) XME(34%) VYM(33%) |
Factors Impacting USO price | USO will decline at least -1.815% 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. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.815% (StdDev 3.63%) |
Hourly BBV | 0.8 () |
Intraday Trend | 1.1% |
| |
|
|