| USO latest price $70.4900 (0.9%) ($69.0500 - $70.5210) on Mon. Mar. 6, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.89% (three month average) |
RSI | 51 |
Latest Price | $70.4900(0.9%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 1.3% a day on average for past five trading days. |
Weekly Trend | USO advances 0.3% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support USO advance at 0% a week (0% probability) XLE(70%) OIH(69%) XOP(69%) XME(38%) VYM(36%) |
Factors Impacting USO price | USO will decline at least -0.945% 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 | -0.945% (StdDev 1.89%) |
Hourly BBV | 1.5 () |
Intraday Trend | 1.7% |
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