| USO latest price $71.6100 (-1.27%) ($68.8100 - $71.9050) on Wed. Nov. 22, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.93% (three month average) |
RSI | 37 |
Latest Price | $71.6100(-1.27%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 0.1% a day on average for past five trading days. |
Weekly Trend | USO declines -1.6% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support USO advance at 0% a week (0% probability) XLE(79%) OIH(71%) XOP(71%) SMH(65%) IPO(53%) |
Factors Impacting USO price | USO will decline at least -0.965% in a week (0% probabilities). IGOV(-31%) UUP(-27%) SPLV(-20%) XLU(-10%) XLV(-8%) |
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 | -0.965% (StdDev 1.93%) |
Hourly BBV | -0.1 () |
Intraday Trend | 3.3% |
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