| USO latest price $56.8100 (1.16%) ($56.1500 - $56.8500) on Thu. Oct. 14, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.94% (three month average) |
RSI | 77 |
Latest Price | $56.8100(1.16%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 0.5% a day on average for past five trading days. |
Weekly Trend | USO advances 3.5% 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(51%) XME(32%) URA(30%) |
Factors Impacting USO price | USO will decline at least -0.97% in a week (0% probabilities). UUP(-15%) TLT(-14%) VXX(-11%) VIXM(-10%) IGOV(-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 | -0.97% (StdDev 1.94%) |
Hourly BBV | 1.8 () |
Intraday Trend | 0.3% |
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