| USO latest price $74.2000 (-1.2%) ($73.9600 - $75.0900) on Thu. Aug. 10, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.77% (three month average) |
RSI | 74 |
Latest Price | $74.2000(-1.2%) |
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 2.5% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Value stock sell-off for small cap. |
Correlated ETFs | Broad market will support USO advance at 0% a week (0% probability) XLE(69%) XOP(69%) OIH(68%) XME(29%) GLD(27%) |
Factors Impacting USO price | USO will decline at least -0.885% in a week (0% probabilities). JETS(-17%) UUP(-12%) PCY(-10%) IYT(-10%) XLV(-9%) |
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 | -0.885% (StdDev 1.77%) |
Hourly BBV | 0.2 () |
Intraday Trend | -0.6% |
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