UNITED STATES OIL FUND LP (USO) Stock Technical Analysis
USA - NYSEARCA:USO - US91232N2071 - ETF
74.23 USD
+0.92 (+1.25%)
74.7 USD
+0.47 (+0.63%)
We assign a technical rating of 3 out of 10 to USO. In the last year, USO was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
79% of all other stocks performed better in the past year than USO.
In the last month USO has a been trading in the 71.81 - 76.96 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
USO has an average volume of 4868510 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
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.
USO has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 74.11, a Stop Loss order could be placed below this zone.
More info and screens
71.58
85.18
When analyzing the support we notice one important area.
- A support zone ranging from 72.30 to 74.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 75.06 to 75.09. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @78.57 from a trend line in the daily time frame.
- A resistance zone ranging from 82.40 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 | NEUTRAL | NEUTRAL | The long term trend for USO is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for USO is neutral. |
| ChartMill Relative Strength | 21.73 | NEGATIVE | USO has a low relative strength, it was outperformed by 78.27% off all stocks 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 | MIXED | The current price of USO is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.97 | NEUTRAL | The RSI value for USO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests USO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 31.07 | NEUTRAL | The Stochastics value for USO is a neutral value. |
| Average True Range in percent/ATR (20) | 1.97 | LOW VOLATILITY | The low ATR as a percentage value for USO suggests low volalility. |
| Average Directional Index/ADX (14) | 9.12 | 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)
74.23
+0.92 (+1.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.25%
1 Week1.8%
2 Weeks-0.82%
1 Month1.96%
3 Month-10.7%
6 Month0.6%
12 Month1.8%
2 Year-8.2%
3 Year13.71%
5 Year162.39%
10 Year-36.79%
15 Year-73.37%
Volatility
ATR(14)1.55
ATR(20)%1.97%
ATR Inc-5.64%
Range Today0.71
ADR(20)1.07
ADR(20)%1.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.73
Mansfield-0.93
10 Day High76.96
10 Day Low71.96
20 Day High76.96
20 Day Low71.81
52 Week High84.58
52 Week Low60.67
CS1 End74.11
CR1 Start75.06
Volume & EV
DER(3)-1.93%
DER(5)-1.3%
Volume3.99M
Volume Incr8.12%
Vol(5)4.62M
Vol(50)4.87M