| USO latest price $30.8000 (4.34%) ($30.2100 - $31.0300) on Tue. Nov. 24, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.46% (three month average) |
RSI | 72 |
Latest Price | $30.8000(4.34%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 1.3% 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 | 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(66%) XOP(64%) OIH(52%) XME(34%) VYM(31%) |
Factors Impacting USO price | USO will decline at least -1.23% 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 | -1.23% (StdDev 2.46%) |
Hourly BBV | 1.3 () |
Intraday Trend | 2% |
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