| USO latest price $29.0600 (-0.58%) ($28.9000 - $29.4300) on Fri. Sep. 18, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.85% (three month average) |
RSI | 38 |
Latest Price | $29.0600(-0.58%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 1.4% a day on average for past five trading days. |
Weekly Trend | USO declines -3% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Value stock sell-off 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 -0.925% in a week (0% probabilities). UUP(-16%) TLT(-16%) VIXM(-13%) VXX(-12%) BNDX(-9%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.925% (StdDev 1.85%) |
Hourly BBV | 0.5 () |
Intraday Trend | -0.4% |
| |
|
|