| USO latest price $80.7000 (-1.2%) ($80.1700 - $81.9800) on Fri. Oct. 20, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.55% (three month average) |
RSI | 52 |
Latest Price | $80.7000(-1.2%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 0.4% a day on average for past five trading days. |
Weekly Trend | USO advances 2.3% a week on average for past two weeks. |
Market Behavior | Broad based sell-off 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(66%) XOP(66%) XLE(65%) VIXM(40%) VXX(38%) |
Factors Impacting USO price | USO will decline at least -0.775% in a week (0% probabilities). IGOV(-22%) UUP(-20%) TLT(-12%) LQD(-12%) SPLV(-11%) |
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 | -0.775% (StdDev 1.55%) |
Hourly BBV | 0.3 () |
Intraday Trend | -1.1% |
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