Overall USOD gets a technical rating of 0 out of 10. USOD 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 technical rating of USOD is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
6.00
We found 1 important support area.
- A support zone ranging from 6.06 to 6.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 6.85 to 6.88. This zone is formed by a combination of multiple trend lines in the daily 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 USOD is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for USOD is down. |
| ChartMill Relative Strength | 2.38 | NEGATIVE | USOD has a low relative strength, it was outperformed by 97.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of USOD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of USOD is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of USOD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.64 | NEUTRAL | The RSI value for USOD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests USOD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 14.87 | OVERSOLD | The low Stochastics value suggests USOD may be oversold. |
| Average True Range in percent/ATR (20) | 7.08 | HIGH VOLATILITY | The high ATR as a percentage value for USOD suggests high volalility. |
United States 3X Short Oil Fund
NYSEARCA:USOD (12/12/2019, 8:09:52 PM)
6.15
-0.03 (-0.57%)
United States 3X Short Oil Fund / USOD FAQ
Can you provide the ChartMill technical rating for United States 3X Short Oil Fund?
ChartMill assigns a technical rating of 0 / 10 to USOD.
What is the trend direction for USOD stock?
The current trend direction for United States 3X Short Oil Fund (USOD) is Bearish.
Can you provide the RSI signal for United States 3X Short Oil Fund?
United States 3X Short Oil Fund (USOD) has an RSI value of 38.6423. This indicates that the stock is currently neutral.
What is the short term momentum for United States 3X Short Oil Fund (USOD) stock?
The short term momentum for United States 3X Short Oil Fund (USOD) is negative.
What are the support and resistance levels for United States 3X Short Oil Fund (USOD) stock?
United States 3X Short Oil Fund (USOD) has a support level at 6.13 and a resistance level at 6.85. Check the full technical report for our detailed analysis of USOD support and resistance levels.