Technical Analysis for USO - United States Oil Fund

Grade Last Price % Change Price Change
B 43.18 -0.21% -0.09
USO closed down 0.21 percent on Friday, April 16, 2021, on 71 percent of normal volume. 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 EOD Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up
Historical USO trend table...

Date Alert Name Type % Chg
Narrow Range Bar Range Contraction 0.00%
Inside Day Range Contraction 0.00%
Overbought Stochastic Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
Narrow Range Bar Range Contraction -0.21%
Stochastic Reached Overbought Strength -0.21%
Above Upper BB Strength -0.21%
Overbought Stochastic Strength -0.21%
Up 3 Days in a Row Strength -0.21%
Up 4 Days in a Row Strength -0.21%
Older End-of-Day 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.
Classification

Keywords: Exchange Traded Fund ETF Natural Gas Crude Oil Petroleum Microeconomics Forward Contract Heating Oil Energy Economics Benchmark Price Of Oil Brent Crude Sweet Crude Oil West Texas Intermediate

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 44.64
52 Week Low 16.88
Average Volume 6,565,377
200-Day Moving Average 33.10
50-Day Moving Average 41.40
20-Day Moving Average 41.31
10-Day Moving Average 41.51
Average True Range 1.18
ADX 24.27
+DI 25.98
-DI 22.46
Chandelier Exit (Long, 3 ATRs ) 40.38
Chandelier Exit (Short, 3 ATRs ) 42.82
Upper Bollinger Band 43.33
Lower Bollinger Band 39.30
Percent B (%b) 0.96
BandWidth 9.76
MACD Line 0.33
MACD Signal Line 0.11
MACD Histogram 0.2112
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 43.78
Resistance 3 (R3) 43.78 43.58 43.68
Resistance 2 (R2) 43.58 43.43 43.58 43.65
Resistance 1 (R1) 43.38 43.33 43.28 43.38 43.61
Pivot Point 43.18 43.18 43.13 43.18 43.18
Support 1 (S1) 42.98 43.03 42.88 42.98 42.75
Support 2 (S2) 42.78 42.93 42.78 42.71
Support 3 (S3) 42.58 42.78 42.68
Support 4 (S4) 42.58