USO United States Oil Forecast, Technical & Fundamental Analysis
The investment seeks the daily changes in percentage terms of its shares’ per share NAV to reflect the daily changes in percentage terms of the spot price of light, sweet crude oil delivered to Cushing, Oklahoma, as measured by the daily changes in the price of a specified short-term futures contract on light, sweet crude oil called the “Benchmark Oil Futures Contract,” plus interest earned on USO’s collateral holdings, less USO’s expenses... Show more
USO's MACD Histogram crosses above signal line
The Moving Average Convergence Divergence (MACD) for USO turned positive on May 09, 2025. Looking at past instances where USO's MACD turned positive, the stock continued to rise in of 51 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on June 02, 2025. You may want to consider a long position or call options on USO as a result. In of 83 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
USO moved above its 50-day moving average on June 02, 2025 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where USO advanced for three days, in of 345 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 332 cases where USO Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where USO declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
USO broke above its upper Bollinger Band on June 03, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Advertisement
General Information
Category CommoditiesBroadBasket
USO and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, USO has been closely correlated with USOI. These tickers have moved in lockstep 95% of the time. This A.I.-generated data suggests there is a high statistical probability that if USO jumps, then USOI could also see price increases.
| Ticker / NAME | Correlation To USO | 1D Price Change % | ||
|---|---|---|---|---|
| USO | 100% | -0.79% | ||
| USOI - USO | 95% Closely correlated | +0.16% | ||
| BCIM - USO | 27% Poorly correlated | +0.38% | ||
| GLDM - USO | 27% Poorly correlated | +0.63% | ||
| PHYS - USO | 25% Poorly correlated | +0.51% | ||
| SGOL - USO | 22% Poorly correlated | +0.63% | ||
More | ||||