| USO latest price $70.5700 (0.56%) ($69.4600 - $70.9900) on Fri. Oct. 21, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.42% (three month average) |
RSI | 60 |
Latest Price | $70.5700(0.56%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 0.1% a day on average for past five trading days. |
Weekly Trend | USO declines -1.3% 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(66%) XOP(66%) VYM(35%) XLF(30%) VFMO(29%) |
Factors Impacting USO price | USO will decline at least -1.21% in a week (0% probabilities). UUP(-21%) VXX(-12%) TLT(-12%) BNDX(-10%) VIXM(-7%) |
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 | -1.21% (StdDev 2.42%) |
Hourly BBV | 0.3 () |
Intraday Trend | 0.6% |
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