| USO latest price $29.1400 (2.64%) ($28.7500 - $29.2000) on Thu. Oct. 8, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.98% (three month average) |
RSI | 49 |
Latest Price | $29.1400(2.64%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 1.2% a day on average for past five trading days. |
Weekly Trend | USO declines -0.6% 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(33%) VYM(32%) |
Factors Impacting USO price | USO will decline at least -0.99% 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. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.99% (StdDev 1.98%) |
Hourly BBV | 1.4 () |
Intraday Trend | 0.5% |
| |
|
|