| USO latest price $70.8600 (1.16%) ($69.4640 - $71.1400) on Tue. Jan. 17, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.13% (three month average) |
RSI | 58 |
Latest Price | $70.8600(1.16%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 1.5% a day on average for past five trading days. |
Market Behavior | Value stocks sell-off for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support USO advance at 0% a week (0% probability) OIH(69%) XLE(69%) XOP(69%) VYM(36%) XME(35%) |
Factors Impacting USO price | USO will decline at least -1.065% in a week (0% probabilities). SHY(-16%) UUP(-15%) BNDX(-14%) VXX(-13%) SMH(-11%) |
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 | -1.065% (StdDev 2.13%) |
Hourly BBV | 0 () |
Intraday Trend | -0% |
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