| USO latest price $28.6900 (-1.54%) ($28.5900 - $29.2500) on Fri. Oct. 9, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.96% (three month average) |
RSI | 53 |
Latest Price | $28.6900(-1.54%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 1.7% a day on average for past five trading days. |
Weekly Trend | USO advances 0.6% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Growth stock 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 -0.98% 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 | -0.98% (StdDev 1.96%) |
Hourly BBV | -0.1 () |
Intraday Trend | -1% |
| |
|
|