| USO latest price $30.7200 (0.16%) ($30.5200 - $30.8000) on Fri. Aug. 28, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.91% (three month average) |
RSI | 58 |
Latest Price | $30.7200(0.16%) |
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 0.8% 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%) VYM(33%) XME(33%) |
Factors Impacting USO price | USO will decline at least -0.955% in a week (0% probabilities). UUP(-16%) 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 | -0.955% (StdDev 1.91%) |
Hourly BBV | -0.2 () |
Intraday Trend | 0% |
| |
|
|