UNITED STATES OIL FUND LP (USO) Stock Technical Analysis
USA - NYSEARCA:USO - US91232N2071 - ETF
Overall USO gets a technical rating of 1 out of 10. USO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, USO does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 68.57, a Stop Loss order could be placed below this zone.
More info and screens
66.47
We found 2 important support areas.
- A support zone ranging from 68.48 to 68.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @67.14 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 71.84 to 75.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 76.76 to 77.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @82.40 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for USO is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for USO is down. |
| ChartMill Relative Strength | 34.03 | NEUTRAL | USO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of USO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of USO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of USO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.62 | NEUTRAL | The RSI value for USO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests USO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 56.01 | NEUTRAL | The Stochastics value for USO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.06 | MEDIUM VOLATILITY | The ATR as a percentage value for USO suggests some volalility. |
| Average Directional Index/ADX (14) | 11.72 | NEGATIVE | The low ADX value for USO suggests a weak or negative trend. |
71.26
+0.38 (+0.54%)
UNITED STATES OIL FUND LP / USO FAQ
Can you provide the ChartMill technical rating for UNITED STATES OIL FUND LP?
ChartMill assigns a technical rating of 1 / 10 to USO.
What is the trend direction for USO stock?
The current trend direction for UNITED STATES OIL FUND LP (USO) is Bearish.
What is the RSI signal for UNITED STATES OIL FUND LP (USO) stock?
UNITED STATES OIL FUND LP (USO) has an RSI value of 47.6215. This indicates that the stock is currently neutral.
What is the MACD signal for USO stock?
The MACD indicator for UNITED STATES OIL FUND LP (USO) has a value of 0.114631, indicating a bearish trend.
Can you provide the short term momentum for UNITED STATES OIL FUND LP?
The short term momentum for UNITED STATES OIL FUND LP (USO) is negative.