Technical Analysis for USO - United States Oil Fund

Grade Last Price % Change Price Change
D 75.98 0.62% 0.47
USO closed up 0.62 percent on Wednesday, June 12, 2024, on 64 percent of normal volume.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Down Up

Date Alert Name Type % Chg
New Uptrend Bullish 0.00%
Gapped Up Strength 0.00%
Up 3 Days in a Row Strength 0.00%
20 DMA Support Bullish 0.62%
MACD Bullish Signal Line Cross Bullish 0.62%
Crossed Above 20 DMA Bullish 0.69%
Crossed Above 200 DMA Bullish 0.69%
Gapped Up Strength 0.69%
180 Bearish Setup Bearish Swing Setup 4.05%
NR7 Range Contraction 4.05%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakdown about 13 hours ago
Gapped Up (Full) about 14 hours ago
Rose Above Previous Day's High about 14 hours ago
Up 1% about 14 hours ago
Rose Above Previous Day's High 1 day ago

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Profile

The investment seeks to reflect the performance, less expenses, of the spot price of West Texas Intermediate (WTI) light, sweet crude oil. The fund will invest in futures contracts for WTI light, sweet crude oil, other types of crude oil, heating oil, gasoline, natural gas and other petroleum based-fuels that are traded on exchanges. It may also invest in other oil interests such as cash-settled options on oil futures contracts, forward contracts for oil, and OTC transactions that are based on the price of oil.
Classification

Keywords: Exchange Traded Fund ETF Natural Gas Crude Oil Petroleum Microeconomics Forward Contract Energy Economics West Texas Intermediate Heating Oil Brent Crude Sweet Crude Oil

Is USO a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 83.41
52 Week Low 60.8699
Average Volume 3,649,827
200-Day Moving Average 74.46
50-Day Moving Average 77.36
20-Day Moving Average 74.96
10-Day Moving Average 73.84
Average True Range 1.51
RSI (14) 52.83
ADX 25.23
+DI 30.99
-DI 28.01
Chandelier Exit (Long, 3 ATRs) 73.24
Chandelier Exit (Short, 3 ATRs) 74.98
Upper Bollinger Bands 78.55
Lower Bollinger Band 71.38
Percent B (%b) 0.64
BandWidth 9.56
MACD Line -0.64
MACD Signal Line -0.90
MACD Histogram 0.2592
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 78.01
Resistance 3 (R3) 78.09 77.51 77.67
Resistance 2 (R2) 77.51 76.99 77.46 77.55
Resistance 1 (R1) 76.74 76.67 76.45 76.66 77.44
Pivot Point 76.16 76.16 76.01 76.11 76.16
Support 1 (S1) 75.39 75.64 75.10 75.31 74.52
Support 2 (S2) 74.81 75.32 74.76 74.41
Support 3 (S3) 74.04 74.81 74.29
Support 4 (S4) 73.96