| USO latest price $58.0300 (1.08%) ($57.2100 - $58.0400) on Fri. Oct. 22, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.67% (three month average) |
RSI | 71 |
Latest Price | $58.0300(1.08%) |
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 2.3% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value for large cap. Growth stock sell-off for small cap. |
Correlated ETFs | Broad market will support USO advance at 0% a week (0% probability) XLE(68%) XOP(66%) OIH(51%) XME(31%) URA(30%) |
Factors Impacting USO price | USO will decline at least -0.835% 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 | -0.835% (StdDev 1.67%) |
Hourly BBV | 0.9 () |
Intraday Trend | 0.5% |
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