| USO latest price $73.1400 (2.32%) ($71.7000 - $73.2500) on Thu. Aug. 3, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.83% (three month average) |
RSI | 73 |
Latest Price | $73.1400(2.32%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 0.5% a day on average for past five trading days. |
Weekly Trend | USO advances 3.6% a week on average for past two weeks. |
Market Behavior | Value stocks sell-off for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support USO advance at 0% a week (0% probability) XOP(69%) OIH(68%) XLE(68%) XME(29%) GLD(25%) |
Factors Impacting USO price | USO will decline at least -0.915% in a week (0% probabilities). JETS(-17%) XLV(-10%) UUP(-10%) SPLV(-10%) PCY(-10%) |
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 | -0.915% (StdDev 1.83%) |
Hourly BBV | 1.1 () |
Intraday Trend | 2% |
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