| USO latest price $49.8800 (-0.02%) ($49.6200 - $50.3650) on Wed. Jun. 30, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.49% (three month average) |
RSI | 70 |
Latest Price | $49.8800(-0.02%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 0.1% a day on average for past five trading days. |
Weekly Trend | USO advances 1.5% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support USO advance at 0% a week (0% probability) XLE(68%) XOP(66%) OIH(53%) XME(34%) URA(32%) |
Factors Impacting USO price | USO will decline at least -0.745% in a week (0% probabilities). UUP(-16%) TLT(-16%) VIXM(-13%) VXX(-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 | -0.745% (StdDev 1.49%) |
Hourly BBV | 0.5 () |
Intraday Trend | -0.1% |
| |
|
|