| USO latest price $44.4400 (3.18%) ($43.9100 - $44.5070) on Fri. Mar. 5, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.65% (three month average) |
RSI | 68 |
Latest Price | $44.4400(3.18%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 1.5% a day on average for past five trading days. |
Weekly Trend | USO advances 1.9% 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(68%) XOP(66%) OIH(52%) XME(33%) URA(30%) |
Factors Impacting USO price | USO will decline at least -0.825% in a week (0% probabilities). UUP(-16%) TLT(-15%) VXX(-11%) 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 | -0.825% (StdDev 1.65%) |
Hourly BBV | 1.3 () |
Intraday Trend | 0.8% |
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