| USO latest price $67.9600 (2.07%) ($66.6500 - $68.1200) on Tue. Jul. 18, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.13% (three month average) |
RSI | 78 |
Latest Price | $67.9600(2.07%) |
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 | 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(69%) XOP(69%) OIH(68%) XME(31%) GLD(25%) |
Factors Impacting USO price | USO will decline at least -1.065% 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 | -1.065% (StdDev 2.13%) |
Hourly BBV | 1.1 () |
Intraday Trend | 1.7% |
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