| USO latest price $49.6700 (0.4%) ($49.0100 - $49.7100) on Mon. Jul. 26, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.72% (three month average) |
RSI | 49 |
Latest Price | $49.6700(0.4%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 1.6% a day on average for past five trading days. |
Weekly Trend | USO declines -1.1% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Value stock rally 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 -0.86% in a week (0% probabilities). UUP(-16%) TLT(-15%) VIXM(-13%) VXX(-12%) IGOV(-10%) |
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 | -0.86% (StdDev 1.72%) |
Hourly BBV | 1.4 () |
Intraday Trend | 0.8% |
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