| USO latest price $68.0900 (1.4%) ($67.5500 - $69.5800) on Mon. Dec. 18, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.12% (three month average) |
RSI | 40 |
Latest Price | $68.0900(1.4%) |
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 declines -2.7% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Normal for small cap. |
Correlated ETFs | Broad market will support USO advance at 0% a week (0% probability) IBUY(78%) OIH(76%) IDRV(70%) SIL(69%) ONLN(82%) |
Factors Impacting USO price | USO will decline at least -1.06% in a week (0% probabilities). EDOC(-75%) UUP(-35%) TBT(-29%) SPLV(-2%) XLP(0%) |
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 | -1.06% (StdDev 2.12%) |
Hourly BBV | 0.5 () |
Intraday Trend | -1.2% |
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