| USO latest price $77.1300 (-0.95%) ($76.4800 - $78.5200) on Thu. Jul. 28, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.7% (three month average) |
RSI | 46 |
Latest Price | $77.1300(-0.95%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 0.4% a day on average for past five trading days. |
Weekly Trend | USO advances 0.7% a week on average for past two weeks. |
Market Behavior | Broad based 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(70%) XOP(69%) OIH(39%) VFMO(35%) VYM(35%) |
Factors Impacting USO price | USO will decline at least -1.35% in a week (0% probabilities). UUP(-23%) TLT(-13%) VXX(-12%) EDOC(-11%) VIXM(-10%) |
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 | -1.35% (StdDev 2.7%) |
Hourly BBV | 0.5 () |
Intraday Trend | -1.7% |
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