| USO latest price $64.6000 (3.29%) ($63.0600 - $64.9900) on Wed. May. 17, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.24% (three month average) |
RSI | 47 |
Latest Price | $64.6000(3.29%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 0.1% a day on average for past five trading days. |
Weekly Trend | USO declines -1.1% 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) OIH(67%) XLE(67%) XOP(67%) XME(35%) REMX(24%) |
Factors Impacting USO price | USO will decline at least -1.12% in a week (0% probabilities). UUP(-13%) TLT(-10%) BNDX(-10%) XLK(-8%) SHY(-8%) |
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 | -1.12% (StdDev 2.24%) |
Hourly BBV | 1.7 () |
Intraday Trend | 1.1% |
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