| USO latest price $66.5800 (-1.32%) ($66.5300 - $67.4000) on Mon. Jul. 17, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.11% (three month average) |
RSI | 66 |
Latest Price | $66.5800(-1.32%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 0.3% a day on average for past five trading days. |
Weekly Trend | USO advances 3.9% a week on average for past two weeks. |
Market Behavior | Growth stock 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(69%) XOP(69%) OIH(68%) XME(31%) GLD(25%) |
Factors Impacting USO price | USO will decline at least -1.055% in a week (0% probabilities). JETS(-15%) UUP(-11%) XLV(-9%) SPLV(-7%) XLRE(-6%) |
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 | -1.055% (StdDev 2.11%) |
Hourly BBV | -1.4 () |
Intraday Trend | -0.4% |
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