| USO latest price $69.7600 (-4.08%) ($69.3400 - $71.1500) on Thu. Sep. 15, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.76% (three month average) |
RSI | 37 |
Latest Price | $69.7600(-4.08%) |
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 -2.7% a week on average for past two weeks. |
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(69%) XOP(68%) VYM(37%) OIH(33%) VFMO(33%) |
Factors Impacting USO price | USO will decline at least -1.38% in a week (0% probabilities). UUP(-24%) VXX(-12%) VIXM(-10%) TLT(-10%) BNDX(-4%) |
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 | -1.38% (StdDev 2.76%) |
Hourly BBV | -1.4 () |
Intraday Trend | -1.9% |
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