| USO latest price $68.0600 (2.78%) ($67.4100 - $68.1650) on Wed. Dec. 21, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.32% (three month average) |
RSI | 41 |
Latest Price | $68.0600(2.78%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 0.2% a day on average for past five trading days. |
Weekly Trend | USO declines -0.6% 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(69%) XOP(68%) VYM(35%) XLF(28%) VFMO(27%) |
Factors Impacting USO price | USO will decline at least -1.16% in a week (0% probabilities). UUP(-17%) VXX(-13%) TLT(-12%) BNDX(-11%) VCIT(-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 | -1.16% (StdDev 2.32%) |
Hourly BBV | 1.6 () |
Intraday Trend | 0.7% |
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