| USO latest price $29.5200 (0.85%) ($29.4100 - $29.7200) on Mon. Nov. 23, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.4% (three month average) |
RSI | 71 |
Latest Price | $29.5200(0.85%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 0.5% a day on average for past five trading days. |
Weekly Trend | USO advances 3.4% a week on average for past two weeks. |
Market Behavior | Value stock 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(66%) XOP(64%) OIH(52%) XME(34%) VYM(31%) |
Factors Impacting USO price | USO will decline at least -1.2% in a week (0% probabilities). UUP(-17%) TLT(-15%) VXX(-12%) VIXM(-11%) BNDX(-9%) |
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 | -1.2% (StdDev 2.4%) |
Hourly BBV | 1.2 () |
Intraday Trend | -0.2% |
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