| USO latest price $30.5200 (-0.46%) ($29.7800 - $30.5900) on Thu. Aug. 20, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.08% (three month average) |
RSI | 70 |
Latest Price | $30.5200(-0.46%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 0.1% a day on average for past five trading days. |
Weekly Trend | USO advances 1.4% a week on average for past two weeks. |
Market Behavior | Rotation from value to growth 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%) VYM(33%) XME(33%) |
Factors Impacting USO price | USO will decline at least -1.04% 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 | -1.04% (StdDev 2.08%) |
Hourly BBV | -0.1 () |
Intraday Trend | 1.7% |
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