Technical Analysis for USO - United States Oil Fund

Grade Last Price % Change Price Change
grade B 5.9 15.46% 0.79
USO closed up 15.46 percent on Friday, April 3, 2020, on 3.17 times normal volume.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Up
Historical USO trend table...

Date Alert Name Type % Chg
1,2,3 Retracement Bearish Bearish Swing Setup 0.00%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 0.00%
Crossed Above 20 DMA Bullish 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Volume Surge Other 0.00%
Calm After Storm Range Contraction 0.00%
Wide Bands Range Expansion 0.00%
Up 3 Days in a Row Strength 0.00%
20 DMA Resistance Bearish 15.46%
1,2,3 Retracement Bearish Bearish Swing Setup 15.46%

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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.
Exchange Traded Fund ETF Natural Gas Oil Crude Oil Petroleum Microeconomics Economy Of Canada Heating Oil Energy Economics West Texas Intermediate Price Of Oil Benchmark 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 13.855
52 Week Low 4.03
Average Volume 70,838,891
200-Day Moving Average 11.04
50-Day Moving Average 8.51
20-Day Moving Average 5.45
10-Day Moving Average 4.81
Average True Range 0.61
ADX 47.49
+DI 27.15
-DI 32.42
Chandelier Exit (Long, 3 ATRs ) 8.02
Chandelier Exit (Short, 3 ATRs ) 5.86
Upper Bollinger Band 7.34
Lower Bollinger Band 3.57
Percent B (%b) 0.62
BandWidth 69.20
MACD Line -1.12
MACD Signal Line -1.32
MACD Histogram 0.2052
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 6.77
Resistance 3 (R3) 6.71 6.37 6.63
Resistance 2 (R2) 6.37 6.15 6.40 6.58
Resistance 1 (R1) 6.13 6.01 6.25 6.19 6.53
Pivot Point 5.79 5.79 5.85 5.82 5.79
Support 1 (S1) 5.55 5.57 5.67 5.61 5.27
Support 2 (S2) 5.21 5.43 5.24 5.22
Support 3 (S3) 4.97 5.21 5.18
Support 4 (S4) 5.03