Trading Signals: USO Stock Price Prediction and Forecast

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

Mon. Feb. 1, 2021

Trading Signals: USO Stock Price Prediction and Forecast (Mon. Apr. 10, 2006 - Fri. Apr. 16, 2021)

(United States Oil)
USO latest price $36.1200 (2.67%) ($35.2500 - $36.1800) on Mon. Feb. 1, 2021.

Trend Analysis and Forecast

Trend Pattern   Growing Uptrend
Trend Narrative   N/A
Average Daily Price Swing   $0.87 (2.47% one month average)
Average Daily Percentage Swing   1.72% (three month average)
Weekly Trend Force   0.3% (StdDev 1.72%)
Daily Moving Force   0.3%
Correction Force   Weak (0%)
Hourly Trend Strength   0.17%
Trend   0.06%
Trend Strength   0.8%
Trend Clarity   0.12(0.3/0.87/35.26)
RSI   59
Momentum   1.4
Latest Price   $36.1200(2.67%)
Forecasted Low Price   35.98(-0.4%)
Forecasted High Price   36.48(1%)
Direction of Next Movement   Range(0.8%)
% Change Needed to Confirm Correction   3.2% (35)
% Change Needed for Trend Reversal   2.5%
Hourly Trend 0.3% [$35.63(0.12), $35.58(0.06)]
Stocks Behave Similarly   Similar Stock List
Top Holdings   Top Holding List
Complacency   5
Intraday Reversal Probability   N/A.
Daily Trend   USO advances 0.3% a day on average for past five trading days.
Weekly Trend   USO declines -0.3% a week on average for past two weeks.
Market Behavior   Broad based rally for large cap. Broad based rally for small cap.
Correlated ETFs   Broad market will support USO decline at-0.1% a week (72% probability)
XOP(69%)    XLE(66%)    OIH(57%)    INDA(31%)    ROBT(31%)
Factors Impacting USO price   USO will advance at least 0.3% in a week (20% probabilities).
FEX(-26%)    IGOV(-25%)    UUP(-17%)    XLU(-12%)    BNDX(-11%)
Trading Plan   Not Available

Valuation to SPY 1.5

Relative Volatility -0.7 (options are cheap)

Market Trend Strength   0.5% (StdDev 1.72%)
Hourly BBV 1.5 ()
Intraday Trend 1%

Next Day Open Price   $36.34(0.6%)
Inflection Point   Yes
Support Level   $35.26
5 Day Moving Average   $35.5(1.75%)
10 Day Moving Average   $35.56(1.57%)
20 Day Moving Average   $35.26(2.44%)
To recent high   -0.3%
To recent low   37.5%
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 2.47% (three month std-dev: 1.72% 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

> 20210301

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	Hourly Trend Strength	Trend	Trend Strength	RSI	Momentum	Trend Pattern	Next Direction	C	RV	VIXCD	Trend-Narrative	NextDay PriceTarget	NextDayPriceRange	Volume millions	To High-Low
1	Feb_1_2021	35.26 (0.4%)	35.56 (-0%)	35.5 (0.3%)	35.58	35.63(0%)	36.12(2.67%)	35.25-36.18	0.5(1)	1.5	0.3%	0.3%	0%	0.17%	0.06%	0.8%	59	1.4	Growing Uptrend	Range(0.6%)	5	1.5	1.1	N/A	36.02(-0.28%)	35.65-36.32	6.01	-0.3%-37.5%
2	Jan_29_2021	35.11 (0.4%)	35.48 (-0%)	35.39 (-0%)	35.52	35.51(0%)	35.18(-0.2%)	35.11-35.77	0.4(0.1)	-2.4	%	-0.1%	0%	-0.37%	0.04%	1%	49	1.4	N/A	Range(0%)	4	1.2	0.2	Correction	35.17(-0.02%)	35.09-35.27	3.91	-2.9%-39.3%
3	Jan_28_2021	35.01 (0.4%)	35.58 (-0%)	35.4 (-0.3%)	35.5	35.53(0%)	35.25(-0.68%)	35.22-36.01	0.5(0.2)	-2.7	0.1%	-0%	0%	-0.03%	0.1%	1.6%	60	1.6	N/A	Range(0.4%)	5	0.5	0.6	Correction	35.21(-0.12%)	35.05-35.4	5.39	-2.7%-39.6%
4	Jan_27_2021	34.89 (0.4%)	35.63 (0.2%)	35.5 (-0.2%)	35.39	35.52(0%)	35.49(0.11%)	35.02-35.93	0.7(0.5)	-2.5	%	0%	0%	0.17%	0.2%	2.1%	66	1.7	Correction	Range(0%)	5	1.1	0.9	Uptrend	35.65(0.46%)	35.38-35.77	4.88	-2.1%-40.6%
5	Jan_26_2021	34.76 (0.4%)	35.67 (0.2%)	35.56 (-0.2%)	35.48	35.46(0%)	35.45(-0.39%)	35.38-35.8	0.8(0.6)	-4.3	0.2%	0.1%	0%	0.17%	0.28%	2.6%	67	1.8	Growing Uptrend	Range(0.5%)	5	0.2	1.5	After Top	35.59(0.39%)	35.08-36	2.61	-2.2%-40.4%

6	Jan_25_2021	34.64 (0.4%)	35.66 (0.4%)	35.62 (0.1%)	35.57	35.26(0%)	35.59(1.02%)	35.03-35.66	0.9(0.7)	2.3	-0.4%	0.1%	0%	-0.42%	0.4%	3%	77	1.9	Uptrend Consolidation	Range(-0.3%)	6	0.3	2.2	Uptrend	35.95(1%)	35.39-36.18	4.13	-1.8%-41%
7	Jan_22_2021	34.5 (0.4%)	35.65 (0.6%)	35.57 (-0.6%)	35.66	35.49(0%)	35.23(-1.48%)	34.91-35.62	1(0.6)	-2.3	-0.7%	0.2%	0%	-0.5%	0.5%	3.3%	68	1.9	Correction	Range(0.2%)	7	0.3	2.1	Uptrend Consolidation	35.13(-0.28%)	34.96-35.63	4.67	-2.8%-39.5%
8	Jan_21_2021	34.35 (0.4%)	35.6 (0.6%)	35.57 (0%)	35.75	35.88(0%)	35.76(-0.08%)	35.64-36	1.2(1.1)	1.5	%	0.4%	0%	0%	0.62%	3.6%	73	2	Growing Uptrend	Range(0.4%)	8	0.7	2.4	Uptrend	36.27(1.43%)	35.52-36.6	3	-1.3%-41.6%
9	Jan_20_2021	34.19 (0.4%)	35.44 (0.8%)	35.78 (-0.1%)	35.78	35.84(0%)	35.79(0.11%)	35.69-36.2	1.4(1.2)	0.9	0.3%	0.5%	0%	0.48%	0.7%	3.7%	74	2	Growing Uptrend	Range(0.8%)	8	0.8	2.3	The Top	36.12(0.92%)	34.83-37.18	3.22	-1.2%-41.7%
10	Jan_19_2021	34.07 (0.6%)	35.27 (0.8%)	35.81 (0.3%)	35.75	35.61(0%)	35.75(1.16%)	35.53-35.89	1.6(1.2)	0.9	-0.1%	0.7%	0%	-0.25%	0.78%	3.5%	75	2	Uptrend Consolidation	Range(0.6%)	8	1.3	2.3	Uptrend	36.43(1.91%)	35.46-36.85	3.5	-1.4%-41.6%

11	Jan_15_2021	33.93 (0.6%)	34.95 (0.8%)	35.71 (-0.1%)	35.77	35.73(0%)	35.34(-2.48%)	35.13-35.82	1.8(1.1)	-2.5	-0.1%	0.6%	0%	-0.22%	0.76%	3%	69	2	Uptrend Consolidation	Higher(1.7%)	8	1.4	2.5	After Top	35.87(1.51%)	34.61-36.91	5.49	-2.5%-40%
12	Jan_14_2021	33.8 (0.6%)	34.73 (1%)	35.73 (1%)	35.66	35.89(0%)	36.24(1.23%)	35.61-36.32	2.1(1.9)	0.7	0.5%	0.8%	-1.4%	0.2%	0.82%	2.8%	78	2	Growing Uptrend	Lower(-2.3%)	9	2.2	2.5	Uptrend	36.94(1.93%)	35.78-37.43	5.17	0%-43.5%
13	Jan_13_2021	33.61 (0.6%)	34.4 (0.8%)	35.38 (0.9%)	35.45	35.8(0%)	35.8(-0.28%)	35.6-36.1	2.2(1.8)	1.2	1%	0.8%	-2%	0.7%	0.78%	2.4%	80	1.8	Growing Uptrend	Lower(-3.4%)	9	2	1.9	Relative Overbought	36.12(0.9%)	34.66-37.32	4.4	-0.3%-41.8%
14	Jan_12_2021	33.42 (0.6%)	34.09 (0.8%)	35.05 (1.2%)	35.11	35.44(0%)	35.9(1.82%)	35.57-36.01	2.3(2.3)	1.6	1.1%	0.9%	-2.4%	0.79%	0.7%	2%	73	1.6	Breakout	Lower(-4.1%)	9	2.5	2	Growing Uptrend	36.51(1.71%)	35.46-36.78	4.16	0%-42.2%
15	Jan_11_2021	33.22 (0.4%)	33.76 (0.6%)	34.65 (1.7%)	34.67	35.11(0%)	35.26(-0.48%)	34.81-35.41	2.3(2.1)	0.3	1.1%	0.7%	-2.2%	0.86%	0.58%	1.6%	61	1.4	Growing Uptrend	Lower(-3.8%)	9	2.2	1.6	Relative Overbought	35.32(0.18%)	34.2-36.24	5.07	-0.5%-39.6%

16	Jan_8_2021	33.05 (0.4%)	33.51 (0.4%)	34.08 (1.5%)	34.32	34.78(0%)	35.43(2.61%)	34.65-35.5	2(2.7)	1.1	1.6%	0.8%	-0.5%	0.81%	0.42%	1.4%	64	1.3	Breakout	Higher(1.9%)	8	2.3	1	Approaching Top	35.25(-0.51%)	34.17-36.13	7.53	0%-40.3%
17	Jan_7_2021	32.84 (0.4%)	33.23 (0.2%)	33.59 (1%)	33.72	34.23(0%)	34.53(1.23%)	34.29-34.59	1.7(2.4)	2.8	1.1%	0.7%	0%	0.79%	0.28%	1.2%	63	1	Breakout	Higher(1.8%)	8	1.6	0.6	Growing Uptrend	34.68(0.42%)	34.24-34.78	4.1	0%-36.8%
18	Jan_6_2021	32.68 (0.4%)	32.98 (0.2%)	33.27 (0.8%)	33.33	33.86(0%)	34.11(0.5%)	33.56-34.47	1.3(2.2)	0.6	1.4%	0.5%	0%	1.67%	0.18%	0.9%	62	1	Breakout	Higher(1.9%)	7	1.8	-0.8	Growing Uptrend	34.2(0.25%)	33.86-34.28	7.45	0%-35.1%
19	Jan_5_2021	32.55 (0.2%)	32.82 (0%)	33 (0.8%)	33.03	33.22(0%)	33.94(4.82%)	33.38-34.12	1(2.2)	1.5	1%	0.3%	0%	0.72%	0.14%	0.8%	64	1	Breakout	Higher(1.3%)	7	2.1	-0.3	Uptrend	33.95(0.04%)	33.68-34.07	13.58	0%-34.4%
20	Jan_4_2021	32.42 (0.2%)	32.75 (0%)	32.73 (-0.3%)	32.81	32.8(0%)	32.38(-1.91%)	32.24-33.29	0.6(-0.1)	-3.9	-0.1%	-0.1%	0%	-0.15%	0.12%	1%	56	0.9	Correction	Range(0.8%)	6	0	-0.7	Uptrend Consolidation	32.39(0.03%)	32.38-32.42	14.31	-3.3%-28.2%

21	Dec_31_2020	32.37 (0.2%)	32.83 (0.2%)	32.84 (0.2%)	32.82	32.84(0%)	33.01(0.3%)	32.63-33.11	0.9(1)	1.6	0.1%	0.2%	0%	0.24%	0.2%	1.4%	60	1	Growing Uptrend	Range(0.3%)	8	0.5	1.1	Uptrend	33.07(0.18%)	32.89-33.14	4.42	-1.4%-30.7%
22	Dec_30_2020	32.27 (0.2%)	32.8 (0.2%)	32.79 (0.5%)	32.8	32.83(0%)	32.91(0.4%)	32.55-33.22	0.9(0.9)	1.7	0.2%	0.2%	0%	0.21%	0.24%	1.6%	66	1	Growing Uptrend	Range(0.4%)	8	0.7	0.9	Uptrend	33(0.28%)	32.8-33.09	4.83	-1.7%-30.3%
23	Dec_29_2020	32.16 (0.2%)	32.77 (0.2%)	32.63 (0.1%)	32.75	32.8(0%)	32.78(0.58%)	32.66-32.99	0.8(0.8)	2.1	0.2%	0.2%	0%	0.06%	0.24%	1.9%	65	1.1	Growing Uptrend	Range(0.4%)	8	0.6	1.2	Uptrend	32.88(0.31%)	32.66-32.98	3.62	-2.1%-29.8%
24	Dec_28_2020	32.08 (0.4%)	32.71 (0.2%)	32.6 (-0.6%)	32.59	32.76(0%)	32.59(-1%)	32.51-33.05	0.8(0.6)	1.3	0.1%	0.2%	0%	-0.37%	0.3%	2%	64	1.1	Growing Uptrend	Range(0.8%)	8	0.3	0.8	Uptrend	32.7(0.34%)	32.49-32.79	4.9	-2.7%-29.1%
25	Dec_24_2020	32.01 (0.4%)	32.65 (0.4%)	32.78 (-0.1%)	32.51	32.7(0%)	32.92(0.52%)	32.57-32.92	1(1.1)	1.5	0.2%	0.2%	0%	0.18%	0.38%	2%	65	1.1	Growing Uptrend	Range(0.4%)	8	1.3	1	Uptrend	33.06(0.44%)	32.73-33.21	1.69	-1.7%-30.4%
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 Strength	RSI	Momentum	Trend Pattern	Next Direction	C	RV	VIXCD	Trend-Narrative	NextDay PriceTarget	NextDayPriceRange	Volume millions	To High-Low

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