| USO latest price $82.9000 (2.5%) ($82.0500 - $83.2900) on Wed. Sep. 27, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.19% (three month average) |
RSI | 81 |
Latest Price | $82.9000(2.5%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 0.7% a day on average for past five trading days. |
Weekly Trend | USO advances 1.3% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support USO advance at 0% a week (0% probability) OIH(69%) XLE(69%) XOP(68%) VIXM(36%) GLD(34%) |
Factors Impacting USO price | USO will decline at least -0.595% in a week (0% probabilities). IGOV(-20%) JETS(-18%) UUP(-15%) VUG(-12%) PCY(-12%) |
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 | -0.595% (StdDev 1.19%) |
Hourly BBV | 1.5 () |
Intraday Trend | 0.8% |
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