Technical Analysis for USO - United States Oil Fund

Grade Last Price % Change Price Change
B 77.98 2.16% 1.65
USO closed up 2.16 percent on Monday, March 18, 2024, on 74 percent of normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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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
Golden Cross Bullish 0.00%
Upper Bollinger Band Walk Strength 0.00%
BB Squeeze Ended Range Expansion 0.00%
Above Upper BB Strength 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Up 4 Days in a Row Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
Bollinger Band Squeeze Range Contraction 2.16%

   Recent Intraday Alerts

Alert Time
Up 1 ATR about 17 hours ago
Up 2% about 18 hours ago
60 Minute Opening Range Breakout about 19 hours ago
Up 1% about 20 hours ago
Rose Above Previous Day's High about 21 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 83.29
52 Week Low 59.78
Average Volume 4,531,729
200-Day Moving Average 71.59
50-Day Moving Average 71.59
20-Day Moving Average 74.09
10-Day Moving Average 74.81
Average True Range 1.56
RSI (14) 69.33
ADX 21.09
+DI 35.05
-DI 15.11
Chandelier Exit (Long, 3 ATRs) 73.50
Chandelier Exit (Short, 3 ATRs) 76.16
Upper Bollinger Bands 76.90
Lower Bollinger Band 71.27
Percent B (%b) 1.19
BandWidth 7.60
MACD Line 1.29
MACD Signal Line 1.03
MACD Histogram 0.2632
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 80.33
Resistance 3 (R3) 80.13 79.15 79.94
Resistance 2 (R2) 79.15 78.56 79.25 79.81
Resistance 1 (R1) 78.57 78.19 78.86 78.76 79.68
Pivot Point 77.59 77.59 77.74 77.69 77.59
Support 1 (S1) 77.00 76.99 77.30 77.20 76.28
Support 2 (S2) 76.02 76.62 76.12 76.15
Support 3 (S3) 75.44 76.02 76.02
Support 4 (S4) 75.63