| USO latest price $44.4400 (3.18%) ($43.9100 - $44.5070) on Fri. Mar. 5, 2021. |
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| Trend Analysis and Forecast |
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Trend Pattern | Breakout |
Trend Narrative | Growing Uptrend |
Average Daily Price Swing | $1.53 (3.75% one month average) |
Average Daily Percentage Swing | 1.65% (three month average) |
Weekly Trend Force | 1.1% (StdDev 1.65%) |
Daily Moving Force | 2.7% |
Correction Force | Weak (0%) |
Trend | 0.46% |
Trend Strength | 2.7% |
RSI | 68 |
Momentum | 2.3 |
Latest Price | $44.4400(3.18%) |
Forecasted Low Price | 44.26(-0.4%) |
Forecasted High Price | 46.31(4.2%) |
Direction of Next Movement | Higher(5.2%) |
% Change Needed to Confirm Correction | 12.3% (39.56) |
% Change Needed for Trend Reversal | 6.9% |
Hourly Trend | 3.6% [$43.35(1.58), $42.08(0.82)] |
Stocks Behave Similarly | Similar Stock List |
Complacency | 6 |
Intraday Reversal Probability | N/A. |
Daily Trend | USO advances 1.5% a day on average for past five trading days. |
Weekly Trend | USO advances 1.9% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support USO advance at 0.6% a week (70% probability) XLE(66%) XOP(62%) OIH(51%) SIL(40%) XLP(40%) |
Factors Impacting USO price | USO will advance at least 0.8% in a week (50% probabilities). IPO(-53%) IBUY(-52%) KWEB(-49%) EDOC(-48%) ARKK(-47%) |
Explanation | The rally is sustainable and supported by the broad market. |
Trading Plan | Not Available |
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Valuation to SPY | 2.3 |
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Relative Volatility | -0.4 (options are faily valued) |
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Market Trend Strength | 2.5% (StdDev 1.65%) |
Hourly BBV | 1.7 () |
Intraday Trend | 0.8% |
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