Technical Analysis for USO - United States Oil Fund

Grade Last Price % Change Price Change
F 72.02 -1.45% -1.06
USO closed down 1.45 percent on Friday, November 1, 2024, on 1.11 times normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Flat

Date Alert Name Type % Chg
20 DMA Resistance Bearish 0.00%
Fell Below 50 DMA Bearish 0.00%
180 Bearish Setup Bearish Swing Setup 0.00%
Gapped Up Strength 0.00%
Crossed Above 50 DMA Bullish -1.45%
Expansion Pivot Buy Setup Bullish Swing Setup -1.45%
Pocket Pivot Bullish Swing Setup -1.45%
Stochastic Reached Oversold Weakness 0.92%
Gapped Up Strength 0.92%
Oversold Stochastic Weakness 0.92%

   Recent Intraday Alerts

Alert Time
10 DMA Support about 17 hours ago
Down 1% about 18 hours ago
Fell Below 10 DMA about 18 hours ago
50 DMA Support about 19 hours ago
Fell Below 50 DMA about 20 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 63.84
Average Volume 4,008,983
200-Day Moving Average 75.29
50-Day Moving Average 72.73
20-Day Moving Average 73.71
10-Day Moving Average 72.36
Average True Range 2.14
RSI (14) 47.64
ADX 12.72
+DI 27.47
-DI 28.99
Chandelier Exit (Long, 3 ATRs) 72.90
Chandelier Exit (Short, 3 ATRs) 75.55
Upper Bollinger Bands 78.62
Lower Bollinger Band 68.80
Percent B (%b) 0.33
BandWidth 13.33
MACD Line -0.44
MACD Signal Line -0.22
MACD Histogram -0.2217
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 74.79
Resistance 3 (R3) 75.07 74.44 74.33
Resistance 2 (R2) 74.44 73.73 74.29 74.17
Resistance 1 (R1) 73.23 73.30 72.91 72.94 74.02
Pivot Point 72.59 72.59 72.43 72.45 72.59
Support 1 (S1) 71.38 71.89 71.07 71.10 70.02
Support 2 (S2) 70.75 71.45 70.60 69.87
Support 3 (S3) 69.54 70.75 69.71
Support 4 (S4) 69.25