| USO latest price $71.5500 (1.36%) ($69.9690 - $71.5600) on Fri. Jan. 20, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.13% (three month average) |
RSI | 57 |
Latest Price | $71.5500(1.36%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 0.8% a day on average for past five trading days. |
Weekly Trend | USO advances 2.8% 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(70%) OIH(69%) XOP(69%) VYM(37%) XME(36%) |
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 | 1.2 () |
Intraday Trend | 1% |
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