| USO latest price $69.8600 (2.28%) ($67.1400 - $69.9100) on Fri. Mar. 3, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.97% (three month average) |
RSI | 47 |
Latest Price | $69.8600(2.28%) |
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 declines -0.8% 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%) XME(37%) VYM(36%) |
Factors Impacting USO price | USO will decline at least -0.985% in a week (0% probabilities). SHY(-18%) BNDX(-16%) UUP(-15%) VXX(-14%) SMH(-13%) |
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 | -0.985% (StdDev 1.97%) |
Hourly BBV | 1.8 () |
Intraday Trend | 4% |
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