| USO latest price $41.4000 (1.22%) ($41.1500 - $41.4750) on Tue. Apr. 13, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.29% (three month average) |
RSI | 60 |
Latest Price | $41.4000(1.22%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 0.3% a day on average for past five trading days. |
Weekly Trend | USO advances 0.1% a week on average for past two weeks. |
Market Behavior | Rotation from value to growth for large cap. Value stock sell-off 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%) VFMO(31%) |
Factors Impacting USO price | USO will decline at least -1.145% in a week (0% probabilities). UUP(-16%) TLT(-15%) VXX(-12%) VIXM(-12%) BNDX(-9%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.145% (StdDev 2.29%) |
Hourly BBV | 1.4 () |
Intraday Trend | 0.2% |
| |
|
|