| USO latest price $85.4700 (0.01%) ($84.7000 - $88.3200) on Tue. May. 31, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 3.54% (three month average) |
RSI | 80 |
Latest Price | $85.4700(0.01%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 0.8% a day on average for past five trading days. |
Weekly Trend | USO advances 3% 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(69%) XOP(69%) OIH(45%) URA(37%) VFMO(36%) |
Factors Impacting USO price | USO will decline at least -1.77% in a week (0% probabilities). UUP(-25%) TLT(-15%) VXX(-11%) BNDX(-11%) VIXM(-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 | -1.77% (StdDev 3.54%) |
Hourly BBV | 0.1 () |
Intraday Trend | -2.9% |
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