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     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

iDateema20(Trend)ema10(Trend) ema5(Trend) Slow Hourly
Trend
Fast Hourly
Trend
CloseActualPriceRangeBBVHourly
BBV
Daily
Moving
Force
Weekly
Trend
Force
Reversal
Force
TrendTrend
Pattern
Next
Direction
CRSIScaleRVVIXCDTrend-Narrative  NextDay
PriceTarget  
NextDayPriceRangeVolume
millions
To High-Low
1Jul_21_202028.67 (0.5%)29.05 (0.6%)29.28 (0.6%) 29.28 29.43(0%)29.72(2.06%)29.64-30.221.6(1.7)8.1 1%0.3%0%0.24% Growing Uptrend  Range(1.3%)5670.60.21.7Uptrend 29.73(0.02%)29.51-29.828.34   0%-74.4% 
2Jul_20_202028.63 (0.7%)28.95 (0.5%)29.11 (0.4%) 29.1 29.01(0%)29.12(0.07%)28.59-29.250.8(0.9)-0.7 %0.1%0%0.24% Uptrend Consolidation  Range(0.1%)5600.4-1.62.1Uptrend 29.13(0.05%)29.03-29.183.86   -2.9%-70.9% 
3Jul_17_202028.58 (0.8%)28.94 (0.7%)28.99 (0.1%) 29 29.13(0%)29.1(-0.21%)28.72-29.240.9(0.9)-0.3 %0.1%0%0.28% Uptrend Consolidation  Range(0.2%)6680.4-0.52Uptrend 29.11(0.03%)29-29.163.56   -13.6%-70.8% 
4Jul_16_202028.52 (0.9%)28.9 (0.8%)28.97 (0.5%) 28.93 29.19(0%)29.16(-0.44%)29.03-29.431(1.1)0.3 0.7%0.3%0%0.34% Growing Uptrend  Range(1.2%)6610.401.8Uptrend 29.19(0.09%)29.04-29.253.24   -16.4%-71.1% 
5Jul_15_202028.43 (0.7%)28.82 (0.8%)28.82 (0.1%) 28.82 28.88(0%)29.29(1.42%)28.81-29.51.2(1.4)0.3 0.5%0.4%0%0.34% Growing Uptrend  Range(0.9%)6660.40.21.8Uptrend 29.31(0.06%)29.13-29.387.03   -17.4%-71.9% 
 
6Jul_14_202028.35 (0.6%)28.7 (0.7%)28.8 (0.1%) 28.71 28.67(0%)28.88(1.33%)28.16-29.080.8(0.9)0.7 -0.3%0.2%0%0.3% Uptrend Consolidation  Range(-0.1%)6510.4-0.21.3Growing Uptrend 28.91(0.1%)28.79-28.945.01   -22.5%-69.5% 
7Jul_13_202028.26 (0.5%)28.64 (0.6%)28.78 (-0.3%) 28.83 28.77(0%)28.5(-1.83%)28.39-29.150.2(0.4)0.4 %0.3%0%0.24% Uptrend Consolidation  Range(1.2%)7470.4-0.21Uptrend 28.54(0.13%)28.47-28.576.51   -27.7%-67.3% 
8Jul_10_202028.16 (0.3%)28.54 (0.5%)28.87 (0.2%) 28.86 28.74(0%)29.03(2.18%)28.41-29.171(1.2)0.3 -0.3%0.4%0%0.22% Uptrend Consolidation  Range(0.1%)7550.50.61.3Uptrend 29.04(0.03%)28.88-29.115.42   -26.4%-70.4% 
9Jul_9_202028.16 (0.2%)28.43 (0.4%)28.82 (0%) 28.91 28.89(0%)28.41(-2.64%)28.21-29.110.4(0.5)-2.9 -0.2%0.3%0%0.2% Uptrend Consolidation  Range(1.4%)7550.5-0.11Uptrend 28.42(0.04%)28.35-28.455.59   -28.7%-66.7% 
10Jul_8_202028.03 (0.3%)28.33 (0.4%)28.81 (0.8%) 28.92 28.99(0%)29.18(1.35%)28.84-29.291.4(1.4)1.3 0.5%0.2%0%0.22% Growing Uptrend  Range(0.7%)7630.51.21.1Uptrend 29.17(-0.04%)28.95-29.264.67   -32.1%-71.2% 
 
11Jul_7_202027.98 (0.3%)28.33 (0.4%)28.58 (0.4%) 28.71 28.92(0%)28.79(-0.59%)28.76-29.211.1(1.1)2.1 0.4%0%0%0.2% Growing Uptrend  Range(0.7%)7580.50.81Uptrend 28.79(0.01%)28.61-28.874.66   -33%-69% 
12Jul_6_202027.95 (0.4%)28.27 (0.6%)28.48 (1.1%) 28.51 28.84(0%)28.96(0.73%)28.77-29.261.3(1.3)1.7 1.1%0.2%0%0.28% Growing Uptrend  Range(1.3%)7630.50.61.1Uptrend 28.96(-0.01%)28.76-29.046.13   -33.9%-70% 
13Jul_2_202027.94 (0.5%)28.19 (0.6%)28.16 (0.6%) 28.28 28.5(0%)28.75(1.41%)28.34-29.051(1.1)3.4 1%0.3%0%0.28% Growing Uptrend  Range(1.3%)7660.41.11.2The Top 28.61(-0.5%)28.29-28.865.54   -39.1%-68.7% 
14Jul_1_202027.87 (0.6%)28.1 (0.7%)28 (0.8%) 27.96 28.17(0%)28.35(1.03%)27.93-28.510.5(0.7)0.7 0.5%0.3%0%0.34% Growing Uptrend  Range(0.8%)7650.40.70.9Growing Uptrend 28.4(0.16%)28.28-28.426.93   -39.9%-66.4% 
15Jun_30_202027.81 (0.6%)28 (0.4%)27.78 (-0.5%) 27.79 28.06(0%)28.06(-0.74%)27.8-28.550.3(0.3)0 0.5%0.1%0%0.24% Growing Uptrend  Range(1%)7480.40.50.4Uptrend 28.07(0.05%)28.02-28.15.82   -40.6%-64.7% 
 
16Jun_29_202027.76 (0.7%)27.96 (0.3%)27.91 (-0.5%) 27.71 27.75(0%)28.27(3.33%)27.62-28.470.5(0.6)-0.2 0.1%0.4%0%0.26% Growing Uptrend  Range(0.5%)7490.51.50.4Uptrend 28.3(0.12%)28.19-28.356.95   -40.1%-65.9% 
17Jun_26_202027.67 (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%)6450.50.70.1Growing Uptrend 27.44(0.3%)27.43-27.455.25   -42%-60.6% 
18Jun_25_202027.6 (0.6%)27.76 (0.1%)28.22 (0%) 28.26 27.67(0%)27.94(2.53%)27.09-28.050.2(0.3)-0.3 -1.5%0.5%0%0.2% Uptrend Consolidation  Range(-1%)6440.60.60.2Growing Uptrend 28.01(0.26%)27.89-28.048.64   -40.8%-64% 
19Jun_24_202027.47 (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%)6510.70.10N/A 27.33(0.31%)27.34-27.3411.05   -42.3%-59.9% 
20Jun_23_202027.37 (0.6%)27.73 (0.1%)28.22 (0.8%) 28.41 28.85(0%)28.72(-0.9%)28.59-29.421.1(1.1)2.4 1.2%0.3%0%0.22% Growing Uptrend  Range(2%)6610.710.1After Top 28.44(-0.97%)27.87-28.917.32   -39.2%-68.5% 
 
21Jun_22_202027.22 (0.6%)27.68 (0.1%)28 (1.5%) 28.01 28.51(0%)28.98(2.66%)28.33-29.041.4(1.5)2.9 1.5%0.4%0%0.22% Growing Uptrend  Range(1.9%)6630.71.50.3Uptrend 28.97(-0.05%)28.63-29.118.77   -38.6%-70.1% 
22Jun_19_202027.05 (0.6%)27.6 (0.1%)27.6 (1.3%) 27.76 27.97(0%)28.23(1.22%)27.54-28.861(1)1.5 1.7%-0%0%0.22% N/A  Range(1.7%)6650.70.8-0.1N/A 28(-0.8%)27.5-28.4115.49   -40.2%-65.7% 
23Jun_18_202026.96 (0.8%)27.64 (0.2%)27.24 (1.1%) 27.23 27.51(0%)27.89(2.24%)27.24-28.020.8(0.8)3.7 0.5%0.2%0%0.28% Growing Uptrend  Range(0.7%)6650.60.1-0.3Uptrend 27.92(0.1%)27.71-28.017.15   -40.9%-63.7% 
24Jun_17_202026.83 (0.9%)27.6 (0.2%)26.94 (-0.9%) 26.94 27.55(0%)27.28(-1.3%)27.17-27.750.3(0.4)-0.2 1.1%0.2%0%0.36% Growing Uptrend  Range(2%)6680.6-0.5-0.7Uptrend Consolidation 27.17(-0.41%)27.1-27.367.36   -42.2%-60.1% 
25Jun_16_202026.7 (1%)27.59 (0.4%)27.17 (-0.6%) 26.73 26.96(0%)27.64(2.45%)26.97-28.290.7(0.8)1.2 0.9%0.3%0%0.58% Growing Uptrend  Range(1.2%)6700.7-0.3-0.7Uptrend 27.72(0.28%)27.45-27.8311.82   -42.9%-62.2% 
iDateema20(Trend)ema10(Trend) ema5(Trend) Slow Hourly
Trend
Fast Hourly
Trend
CloseActualPriceRangeBBVHourly
BBV
Daily
Moving
Force
Weekly
Trend
Force
Reversal
Force
TrendTrend
Pattern
Next
Direction
CRSIScaleRVVIXCDTrend-Narrative  NextDay
PriceTarget  
NextDayPriceRangeVolume
millions
To High-Low
Click to see actual return for next trading day.
 
 
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