| USO latest price $64.6800 (-0.35%) ($64.2300 - $65.0500) on Mon. Feb. 7, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.29% (three month average) |
RSI | 78 |
Latest Price | $64.6800(-0.35%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 0.7% a day on average for past five trading days. |
Weekly Trend | USO advances 2.4% a week on average for past two weeks. |
Market Behavior | Growth stock sell-off for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support USO advance at 0% a week (0% probability) XLE(67%) XOP(65%) OIH(48%) URA(31%) XME(29%) |
Factors Impacting USO price | USO will decline at least -1.145% 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. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.145% (StdDev 2.29%) |
Hourly BBV | 0.4 () |
Intraday Trend | 0.1% |
| |
|
|