Trading Signals: USO Stock Price Prediction and Forecast

^ USO: Intraday Forecast Similar Waves Research Timing Gains Losses Strategies Practice

Tue. Jul. 21, 2020

Trading Signals: USO Stock Price Prediction and Forecast (Mon. Apr. 10, 2006 - Fri. Jan. 15, 2021)

(United States Oil)
USO latest price $29.7200 (2.06%) ($29.6400 - $30.2200) on Tue. Jul. 21, 2020.

Trend Analysis and Forecast

Trend Pattern   Growing Uptrend
Trend Narrative   Uptrend
Average Daily Price Swing   $0.62 (2.16% one month average)
Average Daily Percentage Swing   3.9% (three month average)
Weekly Trend Force   0.3% (StdDev 3.9%)
Daily Moving Force   1%
Correction Force   Weak (0%)
Trend   0.24%
Latest Price   $29.7200(2.06%)
Forecasted Low Price   29.42(-1%)
Forecasted High Price   30.4(2.3%)
Direction of Next Movement   Higher(3.6%)
% Change Needed to Confirm Correction   2.3% (29.06)
% Change Needed for Trend Reversal   4.3%
Hourly Trend 1.4% [$29.43(0.42), $29.28(0.18)]
Stocks Behave Similarly   Similar Stock List
Complacency   5
Intraday Reversal Probability   There's a high probability the price will reverse sharply to downside intraday or next day..
Daily Trend   USO advances 0.6% a day on average for past five trading days.
Weekly Trend   USO advances 1.2% a week on average for past two weeks.
Market Behavior   Value stock rally for large cap. Value stock rally for small cap.
Correlated ETFs   Broad market will support USO advance at 1.1% a week (65% probability)
OIH(47%)    XLE(46%)    PCY(45%)    XOP(45%)    EMHY(41%)
Factors Impacting USO price   USO will advance at least 1.2% in a week (26% probabilities).
VIXM(-33%)    VXX(-31%)    UUP(-24%)    TLT(-17%)    IGOV(-14%)
Explanation The rally is sustainable and supported by the broad market.
Trading Plan   Not Available

Valuation to SPY 0.2

Relative Volatility -0.9 (options are cheap)

Market Trend Strength   2.6% (StdDev 3.9%)
Hourly BBV 8.1 ()
Intraday Trend -0.9%

Next Hour Price   $29.72(0%)
Support Level   $28.67
5 Day Moving Average   $29.28(1.5%)
10 Day Moving Average   $29.05(2.31%)
20 Day Moving Average   $28.67(3.66%)
To recent high   0%
To recent low   74.4%
Market Cap   $N/A

Option Sentiment

$. Technical analysis works only if the market conditions in the future are not drastically different from the past. Always read market news to understand the causes of the price movement before making a trading decision. News

$. USO price fluctuates within 2.16% (three month std-dev: 3.9% one year average std_dev: 0%) daily (68% of days).
$. USO price fluctuates within 0% weekly (one year average std_dev: %).

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20200821

i	Date	ema20(Trend)	ema10(Trend)	ema5(Trend)	Slow Hourly Trend	Fast Hourly Trend	Close	ActualPriceRange	BBV	Hourly BBV	Daily Moving Force	Weekly Trend Force	Reversal Force	Trend	Trend Pattern	Next Direction	C	RSI	Scale	RV	VIXCD	Trend-Narrative	NextDay PriceTarget	NextDayPriceRange	Volume millions	To High-Low
1	Jul_21_2020	28.67 (0.5%)	29.05 (0.6%)	29.28 (0.6%)	29.28	29.43(0%)	29.72(2.06%)	29.64-30.22	1.6(1.7)	8.1	1%	0.3%	0%	0.24%	Growing Uptrend	Range(1.3%)	5	67	0.6	0.2	1.7	Uptrend	29.73(0.02%)	29.51-29.82	8.34	0%-74.4%
2	Jul_20_2020	28.63 (0.7%)	28.95 (0.5%)	29.11 (0.4%)	29.1	29.01(0%)	29.12(0.07%)	28.59-29.25	0.8(0.9)	-0.7	%	0.1%	0%	0.24%	Uptrend Consolidation	Range(0.1%)	5	60	0.4	-1.6	2.1	Uptrend	29.13(0.05%)	29.03-29.18	3.86	-2.9%-70.9%
3	Jul_17_2020	28.58 (0.8%)	28.94 (0.7%)	28.99 (0.1%)	29	29.13(0%)	29.1(-0.21%)	28.72-29.24	0.9(0.9)	-0.3	%	0.1%	0%	0.28%	Uptrend Consolidation	Range(0.2%)	6	68	0.4	-0.5	2	Uptrend	29.11(0.03%)	29-29.16	3.56	-13.6%-70.8%
4	Jul_16_2020	28.52 (0.9%)	28.9 (0.8%)	28.97 (0.5%)	28.93	29.19(0%)	29.16(-0.44%)	29.03-29.43	1(1.1)	0.3	0.7%	0.3%	0%	0.34%	Growing Uptrend	Range(1.2%)	6	61	0.4	0	1.8	Uptrend	29.19(0.09%)	29.04-29.25	3.24	-16.4%-71.1%
5	Jul_15_2020	28.43 (0.7%)	28.82 (0.8%)	28.82 (0.1%)	28.82	28.88(0%)	29.29(1.42%)	28.81-29.5	1.2(1.4)	0.3	0.5%	0.4%	0%	0.34%	Growing Uptrend	Range(0.9%)	6	66	0.4	0.2	1.8	Uptrend	29.31(0.06%)	29.13-29.38	7.03	-17.4%-71.9%

6	Jul_14_2020	28.35 (0.6%)	28.7 (0.7%)	28.8 (0.1%)	28.71	28.67(0%)	28.88(1.33%)	28.16-29.08	0.8(0.9)	0.7	-0.3%	0.2%	0%	0.3%	Uptrend Consolidation	Range(-0.1%)	6	51	0.4	-0.2	1.3	Growing Uptrend	28.91(0.1%)	28.79-28.94	5.01	-22.5%-69.5%
7	Jul_13_2020	28.26 (0.5%)	28.64 (0.6%)	28.78 (-0.3%)	28.83	28.77(0%)	28.5(-1.83%)	28.39-29.15	0.2(0.4)	0.4	%	0.3%	0%	0.24%	Uptrend Consolidation	Range(1.2%)	7	47	0.4	-0.2	1	Uptrend	28.54(0.13%)	28.47-28.57	6.51	-27.7%-67.3%
8	Jul_10_2020	28.16 (0.3%)	28.54 (0.5%)	28.87 (0.2%)	28.86	28.74(0%)	29.03(2.18%)	28.41-29.17	1(1.2)	0.3	-0.3%	0.4%	0%	0.22%	Uptrend Consolidation	Range(0.1%)	7	55	0.5	0.6	1.3	Uptrend	29.04(0.03%)	28.88-29.11	5.42	-26.4%-70.4%
9	Jul_9_2020	28.16 (0.2%)	28.43 (0.4%)	28.82 (0%)	28.91	28.89(0%)	28.41(-2.64%)	28.21-29.11	0.4(0.5)	-2.9	-0.2%	0.3%	0%	0.2%	Uptrend Consolidation	Range(1.4%)	7	55	0.5	-0.1	1	Uptrend	28.42(0.04%)	28.35-28.45	5.59	-28.7%-66.7%
10	Jul_8_2020	28.03 (0.3%)	28.33 (0.4%)	28.81 (0.8%)	28.92	28.99(0%)	29.18(1.35%)	28.84-29.29	1.4(1.4)	1.3	0.5%	0.2%	0%	0.22%	Growing Uptrend	Range(0.7%)	7	63	0.5	1.2	1.1	Uptrend	29.17(-0.04%)	28.95-29.26	4.67	-32.1%-71.2%

11	Jul_7_2020	27.98 (0.3%)	28.33 (0.4%)	28.58 (0.4%)	28.71	28.92(0%)	28.79(-0.59%)	28.76-29.21	1.1(1.1)	2.1	0.4%	0%	0%	0.2%	Growing Uptrend	Range(0.7%)	7	58	0.5	0.8	1	Uptrend	28.79(0.01%)	28.61-28.87	4.66	-33%-69%
12	Jul_6_2020	27.95 (0.4%)	28.27 (0.6%)	28.48 (1.1%)	28.51	28.84(0%)	28.96(0.73%)	28.77-29.26	1.3(1.3)	1.7	1.1%	0.2%	0%	0.28%	Growing Uptrend	Range(1.3%)	7	63	0.5	0.6	1.1	Uptrend	28.96(-0.01%)	28.76-29.04	6.13	-33.9%-70%
13	Jul_2_2020	27.94 (0.5%)	28.19 (0.6%)	28.16 (0.6%)	28.28	28.5(0%)	28.75(1.41%)	28.34-29.05	1(1.1)	3.4	1%	0.3%	0%	0.28%	Growing Uptrend	Range(1.3%)	7	66	0.4	1.1	1.2	The Top	28.61(-0.5%)	28.29-28.86	5.54	-39.1%-68.7%
14	Jul_1_2020	27.87 (0.6%)	28.1 (0.7%)	28 (0.8%)	27.96	28.17(0%)	28.35(1.03%)	27.93-28.51	0.5(0.7)	0.7	0.5%	0.3%	0%	0.34%	Growing Uptrend	Range(0.8%)	7	65	0.4	0.7	0.9	Growing Uptrend	28.4(0.16%)	28.28-28.42	6.93	-39.9%-66.4%
15	Jun_30_2020	27.81 (0.6%)	28 (0.4%)	27.78 (-0.5%)	27.79	28.06(0%)	28.06(-0.74%)	27.8-28.55	0.3(0.3)	0	0.5%	0.1%	0%	0.24%	Growing Uptrend	Range(1%)	7	48	0.4	0.5	0.4	Uptrend	28.07(0.05%)	28.02-28.1	5.82	-40.6%-64.7%

16	Jun_29_2020	27.76 (0.7%)	27.96 (0.3%)	27.91 (-0.5%)	27.71	27.75(0%)	28.27(3.33%)	27.62-28.47	0.5(0.6)	-0.2	0.1%	0.4%	0%	0.26%	Growing Uptrend	Range(0.5%)	7	49	0.5	1.5	0.4	Uptrend	28.3(0.12%)	28.19-28.35	6.95	-40.1%-65.9%
17	Jun_26_2020	27.67 (0.7%)	27.84 (0.3%)	28.05 (-0.6%)	27.95	27.51(0%)	27.36(-2.08%)	27.12-27.7	-0.4(-0.4)	-3.9	-0.7%	0.3%	0%	0.26%	Uptrend Consolidation	Range(0.6%)	6	45	0.5	0.7	0.1	Growing Uptrend	27.44(0.3%)	27.43-27.45	5.25	-42%-60.6%
18	Jun_25_2020	27.6 (0.6%)	27.76 (0.1%)	28.22 (0%)	28.26	27.67(0%)	27.94(2.53%)	27.09-28.05	0.2(0.3)	-0.3	-1.5%	0.5%	0%	0.2%	Uptrend Consolidation	Range(-1%)	6	44	0.6	0.6	0.2	Growing Uptrend	28.01(0.26%)	27.89-28.04	8.64	-40.8%-64%
19	Jun_24_2020	27.47 (0.6%)	27.62 (0%)	28.21 (-0%)	28.45	28.39(0%)	27.25(-5.12%)	26.82-28.62	-0.1(-0.2)	-1.6	-0.8%	-0.2%	0%	0.16%	Downtrend Reversal	Range(1.6%)	6	51	0.7	0.1	0	N/A	27.33(0.31%)	27.34-27.34	11.05	-42.3%-59.9%
20	Jun_23_2020	27.37 (0.6%)	27.73 (0.1%)	28.22 (0.8%)	28.41	28.85(0%)	28.72(-0.9%)	28.59-29.42	1.1(1.1)	2.4	1.2%	0.3%	0%	0.22%	Growing Uptrend	Range(2%)	6	61	0.7	1	0.1	After Top	28.44(-0.97%)	27.87-28.91	7.32	-39.2%-68.5%

21	Jun_22_2020	27.22 (0.6%)	27.68 (0.1%)	28 (1.5%)	28.01	28.51(0%)	28.98(2.66%)	28.33-29.04	1.4(1.5)	2.9	1.5%	0.4%	0%	0.22%	Growing Uptrend	Range(1.9%)	6	63	0.7	1.5	0.3	Uptrend	28.97(-0.05%)	28.63-29.11	8.77	-38.6%-70.1%
22	Jun_19_2020	27.05 (0.6%)	27.6 (0.1%)	27.6 (1.3%)	27.76	27.97(0%)	28.23(1.22%)	27.54-28.86	1(1)	1.5	1.7%	-0%	0%	0.22%	N/A	Range(1.7%)	6	65	0.7	0.8	-0.1	N/A	28(-0.8%)	27.5-28.41	15.49	-40.2%-65.7%
23	Jun_18_2020	26.96 (0.8%)	27.64 (0.2%)	27.24 (1.1%)	27.23	27.51(0%)	27.89(2.24%)	27.24-28.02	0.8(0.8)	3.7	0.5%	0.2%	0%	0.28%	Growing Uptrend	Range(0.7%)	6	65	0.6	0.1	-0.3	Uptrend	27.92(0.1%)	27.71-28.01	7.15	-40.9%-63.7%
24	Jun_17_2020	26.83 (0.9%)	27.6 (0.2%)	26.94 (-0.9%)	26.94	27.55(0%)	27.28(-1.3%)	27.17-27.75	0.3(0.4)	-0.2	1.1%	0.2%	0%	0.36%	Growing Uptrend	Range(2%)	6	68	0.6	-0.5	-0.7	Uptrend Consolidation	27.17(-0.41%)	27.1-27.36	7.36	-42.2%-60.1%
25	Jun_16_2020	26.7 (1%)	27.59 (0.4%)	27.17 (-0.6%)	26.73	26.96(0%)	27.64(2.45%)	26.97-28.29	0.7(0.8)	1.2	0.9%	0.3%	0%	0.58%	Growing Uptrend	Range(1.2%)	6	70	0.7	-0.3	-0.7	Uptrend	27.72(0.28%)	27.45-27.83	11.82	-42.9%-62.2%
i	Date	ema20(Trend)	ema10(Trend)	ema5(Trend)	Slow Hourly Trend	Fast Hourly Trend	Close	ActualPriceRange	BBV	Hourly BBV	Daily Moving Force	Weekly Trend Force	Reversal Force	Trend	Trend Pattern	Next Direction	C	RSI	Scale	RV	VIXCD	Trend-Narrative	NextDay PriceTarget	NextDayPriceRange	Volume millions	To High-Low

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