| USO latest price $52.4200 (1.61%) ($51.7100 - $52.6600) on Wed. Dec. 8, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.3% (three month average) |
RSI | 44 |
Latest Price | $52.4200(1.61%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 2.2% a day on average for past five trading days. |
Weekly Trend | USO declines -4.3% a week on average for past two weeks. |
Market Behavior | Growth stock 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(65%) OIH(50%) URA(30%) XME(30%) |
Factors Impacting USO price | USO will decline at least -1.15% in a week (0% probabilities). UUP(-16%) TLT(-12%) VXX(-10%) VIXM(-8%) IGOV(-8%) |
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 | -1.15% (StdDev 2.3%) |
Hourly BBV | 0.9 () |
Intraday Trend | 1.3% |
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