| USO latest price $61.6800 (1.16%) ($61.4050 - $62.5200) on Wed. Jan. 26, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.38% (three month average) |
RSI | 79 |
Latest Price | $61.6800(1.16%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 0.2% 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 | Value stocks sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support USO advance at 0% a week (0% probability) XLE(67%) XOP(64%) OIH(48%) URA(30%) XME(29%) |
Factors Impacting USO price | USO will decline at least -1.19% in a week (0% probabilities). UUP(-17%) TLT(-10%) VXX(-8%) BNDX(-5%) VIXM(-4%) |
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 | -1.19% (StdDev 2.38%) |
Hourly BBV | 0.8 () |
Intraday Trend | 0% |
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