Technical Analysis for USO - United States Oil Fund

Grade Last Price % Change Price Change
grade C 11.9 -1.49% -0.18
USO closed down 1.49 percent on Monday, November 18, 2019, on approximately normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The stock fell below its 200 day moving average, damaging its long-term outlook by crossing under that critical trendline. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Flat Up Flat
See historical USO trend table...

Date Alert Name Type % Chg
Fell Below 200 DMA Bearish 0.00%
Stochastic Sell Signal Bearish 0.00%
Bollinger Band Squeeze Range Contraction 0.00%
NR7 Range Contraction 0.00%
Overbought Stochastic Strength 0.00%
Crossed Above 200 DMA Bullish -1.49%
Bollinger Band Squeeze Range Contraction -1.49%
Overbought Stochastic Strength -1.49%
Fell Below 200 DMA Bearish -0.08%
Bollinger Band Squeeze Range Contraction -0.08%

Older signals for USO ...

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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.
Natural Gas Oil Futures Contract Crude Oil Petroleum Microeconomics Economy Of Canada Heating Oil Energy Economics West Texas Intermediate Benchmark Price Of 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
Summary: Counts: 1 bullish, 0 bearish and 4 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 13.855
52 Week Low 9.23
Average Volume 26,218,779
200-Day Moving Average 11.9408
50-Day Moving Average 11.6174
20-Day Moving Average 11.761
10-Day Moving Average 11.917
Average True Range 0.2748
ADX 8.34
+DI 20.7667
-DI 18.6927
Chandelier Exit (Long, 3 ATRs ) 11.3056
Chandelier Exit (Short, 3 ATRs ) 11.8644
Upper Bollinger Band 12.1737
Lower Bollinger Band 11.3483
Percent B (%b) 0.67
BandWidth 7.018111
MACD Line 0.1364
MACD Signal Line 0.1146
MACD Histogram 0.0218
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 12.17
Resistance 3 (R3) 12.18 12.09 12.13
Resistance 2 (R2) 12.09 12.02 12.09 12.11
Resistance 1 (R1) 12.00 11.98 11.96 11.99 12.09
Pivot Point 11.91 11.91 11.89 11.91 11.91
Support 1 (S1) 11.82 11.84 11.78 11.81 11.71
Support 2 (S2) 11.73 11.80 11.73 11.69
Support 3 (S3) 11.64 11.73 11.68
Support 4 (S4) 11.63