United States 3X Oil Fund (USOU) Stock Technical Analysis
NYSEARCA:USOU - NYSE Arca -
Overall USOU gets a technical rating of 5 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. USOU was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, USOU is a bad performer in the overall market: 68% of all stocks are doing better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month USOU has a been trading in the 19.20 - 24.02 range, which is quite wide. It is currently trading near the high of this range.
USOU is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, USOU does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 23.28. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for USOU in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
17.89
25.68
When analyzing the support we can see 3 important areas.
- A support zone ranging from 21.75 to 22.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 20.04 to 20.40. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @18.07 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 23.28 to 23.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @25.43 from a trend line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.02
Mansfield-1.65
10 Day High24.02
10 Day Low19.2
20 Day High24.02
20 Day Low19.2
52 Week High44.2
52 Week Low14.51
Performance
1 Week3.84%
2 Weeks3.74%
1 Month7.09%
3 Month11.98%
6 Month13.16%
12 Month-5.31%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.14
RSI(14)57.97
LBB19.62
UBB24.66
NYSEARCA:USOU (12/12/2019, 8:09:52 PM)
23.27
+0.38 (+1.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.66%
1 Week3.84%
2 Weeks3.74%
1 Month7.09%
3 Month11.98%
6 Month13.16%
12 Month-5.31%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.32
ATR(20)%6.06%
ATR Inc-16.45%
Range Today0.87
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
CRS32.02
Mansfield-1.65
10 Day High24.02
10 Day Low19.2
20 Day High24.02
20 Day Low19.2
52 Week High44.2
52 Week Low14.51
CS1 End22.03
CR1 Start23.28
Volume & EV
DER(3)3.33%
DER(5)0.7%
Volume93.80K
Volume Incr-22.81%
Vol(5)69.98K
Vol(50)114.17K