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    Technical Analysis for USO - United States Oil Fund

    Grade Last Price % Change Price Change
    A 78.85 0.09% 0.07
    USO closed up 0.09 percent on Friday, April 19, 2024, on 1.77 times normal volume. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
    8 Watchers
    Watchlist Portfolio

    Trend Table & Recent EOD Trading Signals

    ADX Long Term Intermediate Term Short Term
    Strong Up Up Down
    Historical USO trend table...
    Date Alert Name Type % Chg
    Stochastic Reached Oversold Weakness 0.00%
    Strong but Oversold Other 0.00%
    Oversold Stochastic Weakness 0.00%
    New Downtrend Bearish 0.09%
    Down 3 Days in a Row Weakness 0.09%
    Fell Below 20 DMA Bearish -0.08%
    Multiple of Ten Bearish Other -0.08%
    Gapped Down Weakness -0.08%
    NR7 Range Contraction -3.05%
    Narrow Range Bar Range Contraction -3.05%
    Older End-of-Day Signals for USO ...

       Recent Intraday Alerts

    Alert Time
    Rose Above Previous Day's High about 6 hours ago
    60 Minute Opening Range Breakout about 8 hours ago
    1.5x Volume Pace about 9 hours ago
    60 Minute Opening Range Breakdown 1 day ago
    Fell Below Previous Day's Low 1 day ago
    View Earlier Intraday Alerts

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    Profile

    The investment seeks to reflect the performance, less expenses, of the spot price of West Texas Intermediate (WTI) light, sweet crude oil. The fund will invest in futures contracts for WTI light, sweet crude oil, other types of crude oil, heating oil, gasoline, natural gas and other petroleum based-fuels that are traded on exchanges. It may also invest in other oil interests such as cash-settled options on oil futures contracts, forward contracts for oil, and OTC transactions that are based on the price of oil.
    Classification
    Keywords: Exchange Traded Fund ETF Natural Gas Crude Oil Petroleum Microeconomics Forward Contract Energy Economics West Texas Intermediate Heating Oil Brent Crude Sweet Crude Oil

    Is USO a Buy, Sell or Hold?

    Indicator Bull Case Neutral / Hold Bear Case
    50 DMA
    200 DMA
    ADX Trend
    Oversold / Overbought
    Relative Strength
    Counts: 3 bullish, 1 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.

    Recent News

    Date Title
    Apr 19 U.S. drilling rigs rebound after four straight weekly declines
    Apr 19 Oil prices turn lower as Israel's attack on Iran appears limited
    Apr 18 Iran oil exports hit six-year high, exposing limits in U.S.-led bid to stifle crude sales
    Apr 17 U.S. crude oil drops by most since January as supplies rise more than expected
    Apr 17 10 Best Commodity ETFs for 2024 Inflation
    Apr 16 Oil stays flat as Middle East worries offset by higher-for-longer rates outlook
    Apr 16 U.S. crude stockpiles rose 4.1M barrels last week, API says
    Apr 16 Oil prices could face increased uncertainty – TD Securities
    Apr 16 Geopolitical Tensions Weigh On World Markets, Dollar Index And Gold Show Strength - Global Markets Today While US Slept
    Apr 15 Oil's rally takes a breather but traders await Israel's response to Iran attack
    See more USO news...

    Comments

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    Indicators

    Indicator Value
    52 Week High 83.41
    52 Week Low 59.78
    Average Volume 4,265,769
    200-Day Moving Average 73.50
    50-Day Moving Average 76.45
    20-Day Moving Average 80.12
    10-Day Moving Average 80.80
    Average True Range 1.46
    RSI (14) 49.24
    ADX 27.33
    +DI 25.95
    -DI 26.16
    Chandelier Exit (Long, 3 ATRs) 79.04
    Chandelier Exit (Short, 3 ATRs) 80.51
    Upper Bollinger Bands 83.80
    Lower Bollinger Band 76.43
    Percent B (%b) 0.33
    BandWidth 9.20
    MACD Line 1.04
    MACD Signal Line 1.59
    MACD Histogram -0.5513
    Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
    Resistance 4 (R4) 80.30
    Resistance 3 (R3) 80.37 79.95 80.06
    Resistance 2 (R2) 79.95 79.58 79.92 79.98
    Resistance 1 (R1) 79.40 79.35 79.67 79.33 79.90
    Pivot Point 78.98 78.98 79.12 78.95 78.98
    Support 1 (S1) 78.43 78.61 78.71 78.37 77.80
    Support 2 (S2) 78.01 78.38 77.98 77.72
    Support 3 (S3) 77.46 78.01 77.64
    Support 4 (S4) 77.40