| USO latest price $67.1600 (2.8%) ($66.9000 - $67.8000) on Thu. Dec. 14, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.11% (three month average) |
RSI | 40 |
Latest Price | $67.1600(2.8%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 0.6% a day on average for past five trading days. |
Weekly Trend | USO declines -3.5% 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) OIH(84%) ONLN(81%) SKYY(69%) IPO(64%) FIVG(59%) |
Factors Impacting USO price | USO will decline at least -1.055% in a week (0% probabilities). UUP(-29%) LQD(-13%) TLT(-8%) BNDX(-6%) VXX(-4%) |
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 | -1.055% (StdDev 2.11%) |
Hourly BBV | 1.1 () |
Intraday Trend | 0.3% |
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