Largest Negative Opening Gaps for UCO

How does UCO usually behave after a large gap-down move?

Using the 12 largest gap-down moves over the last 3 years in UCO stock, the average move was -8.3% with the single largest opening gap of -12.5% occurring on 3-Apr-2025. Following the opening, UCO tended to drift higher to the closing price 67% of the time for an average gain of +0.8%. The following day, UCO stock price averaged -1.3% losses, with down moves exceeding up moves. The stock was down 67% of the time in that period one day after these significant gaps.

Catalysts

5 of UCO's 12 largest moves corresponded with a large gap down in the overall market.

Open-to-High and Open-to-Low

The largest percentage gain from the open to the high of the day was +6.9% on 22-Nov-2023, while the biggest drop from the open to the low was -7.4% on 15-Mar-2023. On average, the UCO stock price gain from the opening price to the highest point of the day was +2.4%, and the average drop to the lowest point was -2.8%.

Day Drift Open-to-Close

The best performance in UCO stock price from opening price to closing price (referred to as the "drift" for the day) was on 22-Nov-2023 for a +6.0% gain after the stock gapped down -8.1% at the open. The worst worst return from the opening price to the closing price was on 12-Jun-2023 when the stock lost -2.4% after the stock gapped down -5.8%. Overall in the 12 available observations, the stock drifted higher 67% of the time for an average gain of +0.8%.