| USO latest price $34.1100 (0.5%) ($33.5600 - $34.4700) on Wed. Jan. 6, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.01% (three month average) |
RSI | 62 |
Latest Price | $34.1100(0.5%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 0.8% 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 | Rotation from growth to value for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support USO advance at 0% a week (0% probability) XLE(67%) XOP(65%) OIH(52%) XME(33%) URA(30%) |
Factors Impacting USO price | USO will decline at least -1.005% in a week (0% probabilities). UUP(-16%) 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 | -1.005% (StdDev 2.01%) |
Hourly BBV | 0.6 () |
Intraday Trend | 0.5% |
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