UNITED STATES OIL FUND LP (USO) Stock Technical Analysis
NYSEARCA:USO - NYSE Arca - US91232N2071 - ETF - Currency: USD
Taking everything into account, USO scores 0 out of 10 in our technical rating. USO'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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
72% of all other stocks performed better in the past year than USO.
USO has an average volume of 3647770 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
USO 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.
In the last month USO has a been trading in the 60.67 - 78.01 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, USO 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 71.87. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 66.46, a Stop Loss order could be placed below this zone.
More info and screens
65.80
82.10
When analyzing the support we notice one important area.
- Support @66.46 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 71.87 to 72.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 74.73 to 75.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 77.74 to 78.27. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @81.29 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.49
Mansfield-0.51
10 Day High70.27
10 Day Low64.5
20 Day High78.01
20 Day Low60.67
52 Week High84.58
52 Week Low60.67
Performance
1 Week-0.65%
2 Weeks5.68%
1 Month-8.55%
3 Month-13.28%
6 Month-7.01%
12 Month-14.13%
2 Year2.27%
3 Year-10.54%
5 Year261.04%
10 Year-57.93%
15 Year-79.12%
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)0.28
RSI(14)47.06
LBB63.99
UBB70.67
69.03
+0.57 (+0.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.83%
1 Week-0.65%
2 Weeks5.68%
1 Month-8.55%
3 Month-13.28%
6 Month-7.01%
12 Month-14.13%
2 Year2.27%
3 Year-10.54%
5 Year261.04%
10 Year-57.93%
15 Year-79.12%
Volatility
ATR(14)2.63
ATR(20)%4.07%
ATR Inc-66.27%
Range Today1.14
ADR(20)2.14
ADR(20)%3.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.49
Mansfield-0.51
10 Day High70.27
10 Day Low64.5
20 Day High78.01
20 Day Low60.67
52 Week High84.58
52 Week Low60.67
CS1 End66.46
CR1 Start71.87
Volume & EV
DER(3)-0.75%
DER(5)1.22%
Volume3.27M
Volume Incr-1.38%
Vol(5)4.67M
Vol(50)3.65M