United States 3X Oil Fund (USOU) Technical Analysis
NYSEARCA:USOU
Current stock price
USOU Technical Rating and Analysis
Taking everything into account, USOU scores 5 out of 10 in our technical rating. 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 long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- 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. The S&P500 Index however is trading in the upper part of its 52 week range, so USOU is lagging the market slightly.
- Considerably lower volume is observed in the last couple of days.
USOU Weekly and Daily overview Charts
USOU Setup Rating and Analysis
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
USOU Support and Resistance Analysis
17.89
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.
We can see 2 important resistance areas.
- 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.
USOU Technical Indicator Signal Analysis
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 USOU is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for USOU is up. |
| ChartMill Relative Strength | 32.02 | NEUTRAL | USOU is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of USOU is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of USOU is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of USOU is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.97 | NEUTRAL | The RSI value for USOU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests USOU has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.23 | OVERBOUGHT | The high Stochastics value suggests USOU may be overbought. |
| Average True Range in percent/ATR (20) | 6.06 | HIGH VOLATILITY | The high ATR as a percentage value for USOU suggests high volalility. |
USOU Chart- and CandleStick Pattern Analysis
USOU Technicals: Chart, Performance Metrics, Trend & Indicators
NYSEARCA:USOU (12/12/2019, 8:09:52 PM)
23.27
+0.38 (+1.66%)
United States 3X Oil Fund / USOU TA FAQ
What is the ChartMill technical rating of United States 3X Oil Fund (USOU) stock?
ChartMill assigns a technical rating of 5 / 10 to USOU.
What is the current trend direction of United States 3X Oil Fund (USOU) stock?
The current trend direction for United States 3X Oil Fund (USOU) is Bearish.
What is the RSI signal for USOU stock?
United States 3X Oil Fund (USOU) has an RSI value of 57.9656. This indicates that the stock is currently neutral.
Can you provide the MACD signal for United States 3X Oil Fund?
The MACD indicator for United States 3X Oil Fund (USOU) has a value of 0.139761, indicating a bearish trend.
What is the short term momentum for USOU stock?
The short term momentum for United States 3X Oil Fund (USOU) is positive.