| USO latest price $82.9500 (-2.09%) ($82.9100 - $86.4000) on Wed. Jun. 29, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.48% (three month average) |
RSI | 30 |
Latest Price | $82.9500(-2.09%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 0.5% a day on average for past five trading days. |
Weekly Trend | USO declines -4.6% a week on average for past two weeks. |
Market Behavior | Normal 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(71%) XOP(71%) OIH(45%) URA(38%) VFMO(37%) |
Factors Impacting USO price | USO will decline at least -1.24% in a week (0% probabilities). UUP(-25%) TLT(-16%) VXX(-11%) BNDX(-10%) VIXM(-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 | -1.24% (StdDev 2.48%) |
Hourly BBV | -0.8 () |
Intraday Trend | -3.4% |
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