Technical Analysis for USO - United States Oil Fund

Grade Last Price % Change Price Change
A 80.39 -0.06% -0.05
USO closed down 0.06 percent on Friday, April 26, 2024, on 38 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
20 DMA Resistance Bearish 0.00%
Bollinger Band Squeeze Range Contraction 0.00%
NR7 Range Contraction 0.00%
Gapped Up Strength 0.00%
Bollinger Band Squeeze Range Contraction -0.06%
Multiple of Ten Bullish Other -0.06%
BB Squeeze Started Range Contraction -0.06%
Outside Day Range Expansion -0.06%
Doji - Bearish? Reversal 0.94%
Multiple of Ten Bearish Other 0.94%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 14 hours ago
60 Minute Opening Range Breakdown about 17 hours ago
20 DMA Support about 17 hours ago
20 DMA Resistance about 18 hours ago
Rose Above 20 DMA about 18 hours ago

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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

Indicators

Indicator Value
52 Week High 83.41
52 Week Low 59.78
Average Volume 4,148,589
200-Day Moving Average 73.84
50-Day Moving Average 77.24
20-Day Moving Average 80.68
10-Day Moving Average 79.88
Average True Range 1.44
RSI (14) 57.08
ADX 19.96
+DI 25.58
-DI 23.84
Chandelier Exit (Long, 3 ATRs) 79.10
Chandelier Exit (Short, 3 ATRs) 81.13
Upper Bollinger Bands 83.12
Lower Bollinger Band 78.25
Percent B (%b) 0.44
BandWidth 6.03
MACD Line 0.69
MACD Signal Line 1.01
MACD Histogram -0.3265
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 81.74
Resistance 3 (R3) 81.78 81.38 81.52
Resistance 2 (R2) 81.38 81.03 81.36 81.44
Resistance 1 (R1) 80.88 80.82 80.68 80.84 81.36
Pivot Point 80.48 80.48 80.38 80.46 80.48
Support 1 (S1) 79.98 80.13 79.78 79.94 79.42
Support 2 (S2) 79.58 79.92 79.56 79.34
Support 3 (S3) 79.08 79.58 79.27
Support 4 (S4) 79.04