DEFIANCE OIL END OPT INC ETF (USOY) Technical Analysis
NASDAQ:USOY • US88636J3784
Current stock price
USOY Technical Rating and Analysis
Overall USOY gets a technical rating of 6 out of 10. In the last year, USOY was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- When comparing the performance of all stocks over the past year, USOY turns out to be only a medium performer in the overall market: it outperformed 42% of all stocks.
- USOY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so USOY is lagging the market.
- In the last month USOY has a been trading in the 7.52 - 9.58 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
USOY Weekly and Daily overview Charts
USOY Setup Rating and Analysis
Although the technical rating is only medium, USOY does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 8.04, a Stop Loss order could be placed below this zone.
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USOY Support and Resistance Analysis
7.77
When analyzing the support we notice one important area.
- A support zone ranging from 7.85 to 8.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- Resistance @9.01 from a trend line in the weekly time frame.
- A resistance zone ranging from 9.24 to 9.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
USOY 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 | UP | POSITIVE | The long term trend for USOY is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for USOY is neutral. |
| ChartMill Relative Strength | 42.65 | NEUTRAL | USOY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of USOY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of USOY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of USOY is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.98 | NEUTRAL | The RSI value for USOY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests USOY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 41.3 | NEUTRAL | The Stochastics value for USOY is a neutral value. |
| Average True Range in percent/ATR (20) | 4.87 | MEDIUM VOLATILITY | The ATR as a percentage value for USOY suggests some volalility. |
| Average Directional Index/ADX (14) | 18.47 | NEGATIVE | The low ADX value for USOY suggests a weak or negative trend. |
USOY Chart- and CandleStick Pattern Analysis
USOY Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 9.02 | 7.84 | 1.18 (13.08%) | 7.64% |
| An entry @9.02. This is a Buy Stop order right above the resistance zone. | An exit @7.84. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.18 points, which is 13.08%. | When investing 7.64% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
USOY Technicals: Chart, Performance Metrics, Trend & Indicators
8.47
-0.02 (-0.24%)
DEFIANCE OIL END OPT INC ETF / USOY TA FAQ
What is the ChartMill technical rating of DEFIANCE OIL END OPT INC ETF (USOY) stock?
ChartMill assigns a technical rating of 6 / 10 to USOY.
What is the current trend direction of DEFIANCE OIL END OPT INC ETF (USOY) stock?
The current trend direction for DEFIANCE OIL END OPT INC ETF (USOY) is Bullish.
What is the RSI signal for USOY stock?
DEFIANCE OIL END OPT INC ETF (USOY) has an RSI value of 50.9819. This indicates that the stock is currently neutral.
What is the short term momentum for USOY stock?
The short term momentum for DEFIANCE OIL END OPT INC ETF (USOY) is neutral.