| USO latest price $74.6800 (0.84%) ($71.4500 - $74.7700) on Mon. Aug. 22, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.49% (three month average) |
RSI | 46 |
Latest Price | $74.6800(0.84%) |
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. |
Market Behavior | Broad based 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(70%) XOP(69%) OIH(36%) VYM(35%) VFMO(33%) |
Factors Impacting USO price | USO will decline at least -1.245% in a week (0% probabilities). UUP(-24%) VXX(-12%) TLT(-10%) VIXM(-9%) BNDX(-5%) |
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 | -1.245% (StdDev 2.49%) |
Hourly BBV | 0.8 () |
Intraday Trend | 2.7% |
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