| USO latest price $29.7800 (1.5%) ($29.2130 - $30.1500) on Tue. Aug. 4, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.78% (three month average) |
RSI | 57 |
Latest Price | $29.7800(1.5%) |
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 0.1% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Value stock rally 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 -1.39% in a week (0% probabilities). UUP(-17%) TLT(-15%) VIXM(-13%) VXX(-12%) 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 | -1.39% (StdDev 2.78%) |
Hourly BBV | 1.1 () |
Intraday Trend | 1.9% |
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