UNITED STATES OIL FUND LP (USO) Stock Technical Analysis
NYSEARCA:USO - NYSE Arca - US91232N2071 - ETF - Currency: USD
Taking everything into account, USO scores 7 out of 10 in our technical rating. Although USO is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
In the last month USO has a been trading in the 71.97 - 83.57 range, which is quite wide. It is currently trading near the lows of this range.
The long and short term trends are both positive. This is looking good!
USO has an average volume of 9204510 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, USO turns out to be only a medium performer in the overall market: it outperformed 50% of all stocks.
USO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so USO is lagging the market.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, USO also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 75.59, a Stop Loss order could be placed below this zone.
More info and screens
69.05
85.18
2 important support areas can be observed.
- A support zone ranging from 74.30 to 75.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @69.75 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 75.97 to 76.03. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @81.29 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 83.12 to 84.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for USO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for USO is up. |
| ChartMill Relative Strength | 50.01 | NEUTRAL | USO is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of USO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of USO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.24 | NEUTRAL | The RSI value for USO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.25 | NEGATIVE | The MACD value suggests USO has a negative trend. |
| Stochastics (14,3) | 63.3 | NEUTRAL | The Stochastics value for USO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.5 | MEDIUM VOLATILITY | The ATR as a percentage value for USO suggests some volalility. |
| Average Directional Index/ADX (14) | 12.99 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 77.60 | 73.98 | 3.62 (4.66%) | 21.46% |
| An entry @77.60. This is a Buy Stop order right above the 10 day high. | An exit @73.98. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.62 points, which is 4.66%. | When investing 21.46% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
75.59
-0.34 (-0.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.45%
1 Week-0.04%
2 Weeks-1.16%
1 Month-9.06%
3 Month9.5%
6 Month-5.04%
12 Month-0.68%
2 Year3.31%
3 Year-3.15%
5 Year160.03%
10 Year-39.39%
15 Year-73.26%
Volatility
ATR(14)1.49
ATR(20)%2.5%
ATR Inc-17.09%
Range Today0.92
ADR(20)1.65
ADR(20)%2.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS50.01
Mansfield-0.51
10 Day High77.59
10 Day Low73.99
20 Day High83.57
20 Day Low71.97
52 Week High84.58
52 Week Low60.67
CS1 End75.59
CR1 Start81.29
Volume & EV
DER(3)0.83%
DER(5)1.76%
Volume2.88M
Volume Incr-64.81%
Vol(5)5.39M
Vol(50)9.20M