UNITED STATES OIL FUND LP (USO) Stock Technical Analysis
NYSEARCA:USO - NYSE Arca - US91232N2071 - ETF - Currency: USD
Taking everything into account, USO scores 0 out of 10 in our technical rating. USO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
71% of all other stocks performed better in the past year than USO.
USO is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so USO is lagging the market.
In the last month USO has a been trading in the 61.75 - 69.88 range, which is quite wide. It is currently trading near the high of this range.
USO has an average volume of 4643350 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although the technical rating is bad, USO does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
61.75
82.10
We found 1 important support area.
- A support zone ranging from 62.37 to 64.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 68.15 to 69.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 72.60 to 73.26. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 77.74 to 78.27. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @81.29 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 | DOWN | NEGATIVE | The long term trend for USO is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for USO is neutral. |
| ChartMill Relative Strength | 29.59 | NEGATIVE | USO has a low relative strength, it was outperformed by 70.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of USO is above a declining 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) | 51.02 | NEUTRAL | The RSI value for USO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.34 | POSITIVE | The MACD value suggests USO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69.86 | NEUTRAL | The Stochastics value for USO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.57 | MEDIUM VOLATILITY | The ATR as a percentage value for USO suggests some volalility. |
| Average Directional Index/ADX (14) | 14.33 | NEGATIVE | The low ADX value for USO suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
67.99
+0.85 (+1.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.27%
1 Week-0.16%
2 Weeks2.07%
1 Month-1.51%
3 Month-9.77%
6 Month-8.43%
12 Month-9.77%
2 Year12.14%
3 Year-20.45%
5 Year162.71%
10 Year-58.15%
15 Year-75.03%
Volatility
ATR(14)1.63
ATR(20)%2.57%
ATR Inc-34.32%
Range Today1.26
ADR(20)1.34
ADR(20)%1.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.59
Mansfield-0.96
10 Day High69.88
10 Day Low66.57
20 Day High69.88
20 Day Low61.75
52 Week High84.58
52 Week Low60.67
CS1 End64.01
CR1 Start68.15
Volume & EV
DER(3)-0.5%
DER(5)0.81%
Volume4.29M
Volume Incr-18.74%
Vol(5)4.24M
Vol(50)4.64M