| USO latest price $81.4500 (0.2%) ($80.8000 - $81.9400) on Mon. Sep. 18, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.32% (three month average) |
RSI | 94 |
Latest Price | $81.4500(0.2%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 0.8% a day on average for past five trading days. |
Weekly Trend | USO advances 4.1% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support USO advance at 0% a week (0% probability) OIH(69%) XLE(68%) XOP(67%) VIXM(34%) GLD(33%) |
Factors Impacting USO price | USO will decline at least -0.66% in a week (0% probabilities). IGOV(-21%) JETS(-17%) UUP(-14%) VUG(-13%) IWF(-13%) |
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 | -0.66% (StdDev 1.32%) |
Hourly BBV | 0.9 () |
Intraday Trend | -0.4% |
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