| USO latest price $68.7900 (-0.82%) ($68.6600 - $70.3000) on Wed. Dec. 20, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.13% (three month average) |
RSI | 44 |
Latest Price | $68.7900(-0.82%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | USO advances 1% a day on average for past five trading days. |
Weekly Trend | USO advances 0.3% 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) ONLN(82%) IBUY(78%) IDRV(70%) SIL(69%) OIH(76%) |
Factors Impacting USO price | USO will decline at least -1.065% in a week (0% probabilities). UUP(-35%) TBT(-29%) SPLV(-2%) XLP(0%) XLK(-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 | -1.065% (StdDev 2.13%) |
Hourly BBV | -0.1 () |
Intraday Trend | -1.9% |
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