| USO latest price $30.2300 (1.51%) ($30.1500 - $31.0200) on Wed. Aug. 5, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.55% (three month average) |
RSI | 63 |
Latest Price | $30.2300(1.51%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 0.4% a day on average for past five trading days. |
Weekly Trend | USO advances 0.2% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based 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 -1.275% 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. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.275% (StdDev 2.55%) |
Hourly BBV | 0.7 () |
Intraday Trend | -2% |
| |
|
|