United States 3X Short Oil Fund (USOD) Stock Technical Analysis
USA - NYSEARCA:USOD -
6.15
-0.03 (-0.57%)
Overall USOD gets a technical rating of 0 out of 10. USOD'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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
98% of all other stocks performed better in the past year than USOD.
USOD is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month USOD has a been trading in the 5.89 - 7.79 range, which is quite wide. It is currently trading near the lows of this range.
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
6.95
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.
We found 1 important resistance 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. |
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)
United States 3X Short Oil Fund
NYSEARCA:USOD (12/12/2019, 8:09:52 PM)
6.15
-0.03 (-0.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.57%
1 Week-2.97%
2 Weeks-6.82%
1 Month-12.39%
3 Month-38.86%
6 Month-56.51%
12 Month-70%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.39
ATR(20)%7.08%
ATR Inc-36.31%
Range Today0.25
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.38
Mansfield-5.13
10 Day High7.54
10 Day Low5.89
20 Day High7.79
20 Day Low5.89
52 Week High30.6
52 Week Low5.58
CS1 End6.13
CR1 Start6.85
Volume & EV
DER(3)-3.89%
DER(5)-3.17%
Volume195.20K
Volume Incr-31.87%
Vol(5)103.48K
Vol(50)125.28K