| USO latest price $29.2300 (1.85%) ($28.4300 - $29.3900) on Thu. Sep. 17, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.86% (three month average) |
RSI | 39 |
Latest Price | $29.2300(1.85%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 1.8% a day on average for past five trading days. |
Weekly Trend | USO declines -4.2% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support USO advance at 0% a week (0% probability) XLE(65%) XOP(64%) OIH(53%) XME(34%) VYM(33%) |
Factors Impacting USO price | USO will decline at least -0.93% in a week (0% probabilities). UUP(-16%) TLT(-16%) 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 | -0.93% (StdDev 1.86%) |
Hourly BBV | 1.2 () |
Intraday Trend | 2.3% |
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