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     Tue. Feb. 2, 2021

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

(United States Oil)

USO latest price $36.8200 (1.94%) ($36.7150 - $37.0500) on Tue. Feb. 2, 2021.


Trend Analysis and Forecast
 
Trend Pattern  Growing Uptrend
Trend Narrative  Growing Uptrend
Average Daily Price Swing  $0.66 (1.86% one month average)
Average Daily Percentage Swing  1.67% (three month average)
Weekly Trend Force  0.4% (StdDev 1.67%)
Daily Moving Force  1.4%
Correction Force  Weak (0%)
Hourly Trend Strength  1.47%
Trend   0.12%
Trend Strength  0.6%
Trend Clarity  0.21(0.4/0.66/35.47)
RSI   57
Momentum  1.1
Latest Price  $36.8200(1.94%)
Forecasted Low Price  36.67(-0.4%)
Forecasted High Price  37.63(2.2%)
Direction of Next Movement  Higher(2.2%)
% Change Needed to Confirm Correction  6.4% (34.61)
% Change Needed for Trend Reversal  4%
Hourly Trend   2% [$36.36(0.73), $35.93(0.35)]
Stocks Behave Similarly  Similar Stock List
Top Holdings  Top Holding List
Complacency  6
Intraday Reversal Probability  There's a high probability the price will reverse sharply to downside intraday or next day..
Daily Trend  USO advances 0.8% a day on average for past five trading days.
Market Behavior  Broad based rally for large cap. Growth stock rally for small cap.
Correlated ETFs  Broad market will support USO advance at 0.4% a week (72% probability)
  XOP(69%)    XLE(66%)    OIH(57%)    INDA(31%)    ROBT(31%)  
Factors Impacting USO price  USO will advance at least 0% in a week (20% probabilities).
  FEX(-26%)    IGOV(-25%)    UUP(-17%)    XLU(-12%)    BNDX(-11%)  
Explanation   The rally is not sustainable and not supported by the broad market.
Trading Plan  Not Available
 
Valuation to SPY   1.7
 
Relative Volatility   -1.4 (options are cheap)
 
Market Trend Strength  0.8% (StdDev 1.67%)
Hourly BBV   1.4 ()
Intraday Trend   -0.4%
  
 

  


Next Day Open Price  $36.82(0%)
Support Level  $35.47
5 Day Moving Average  $35.77(2.94%)
10 Day Moving Average  $35.68(3.2%)
20 Day Moving Average  $35.47(3.81%)
To recent high  0%
To recent low  40.2%
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 1.86% (three month std-dev: 1.67%    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   

  >  20210302

iDateema20(Trend)ema10(Trend) ema5(Trend) Slow Hourly
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To High-Low
1Feb_2_202135.47 (0.4%)35.68 (0%)35.77 (0.8%) 35.93 36.36(0%)36.82(1.94%)36.72-37.050.9(2)1.4 1.4%0.4%0%1.47%0.12%0.6%571.1 Growing Uptrend  Higher(1.8%)61.71.4Growing Uptrend 36.91(0.24%)36.58-36.996.25   0%-40.2% 
2Feb_1_202135.26 (0.4%)35.56 (-0%)35.5 (0.3%) 35.58 35.63(0%)36.12(2.67%)35.25-36.180.5(1)1.5 0.3%0.3%0%0.17%0.06%0.8%591.4 Growing Uptrend  Range(0.6%)51.51.1N/A 36.02(-0.28%)35.65-36.326.01   -0.3%-37.5% 
3Jan_29_202135.11 (0.4%)35.48 (-0%)35.39 (-0%) 35.52 35.51(0%)35.18(-0.2%)35.11-35.770.4(0.1)-2.4 %-0.1%0%-0.37%0.04%1%491.4 N/A  Range(0%)41.20.2Correction 35.17(-0.02%)35.09-35.273.91   -2.9%-39.3% 
4Jan_28_202135.01 (0.4%)35.58 (-0%)35.4 (-0.3%) 35.5 35.53(0%)35.25(-0.68%)35.22-36.010.5(0.2)-2.7 0.1%-0%0%-0.03%0.1%1.6%601.6 N/A  Range(0.4%)50.50.6Correction 35.21(-0.12%)35.05-35.45.39   -2.7%-39.6% 
5Jan_27_202134.89 (0.4%)35.63 (0.2%)35.5 (-0.2%) 35.39 35.52(0%)35.49(0.11%)35.02-35.930.7(0.5)-2.5 %0%0%0.17%0.2%2.1%661.7 Correction  Range(0%)51.10.9Uptrend 35.65(0.46%)35.38-35.774.88   -2.1%-40.6% 
 
6Jan_26_202134.76 (0.4%)35.67 (0.2%)35.56 (-0.2%) 35.48 35.46(0%)35.45(-0.39%)35.38-35.80.8(0.6)-4.3 0.2%0.1%0%0.17%0.28%2.6%671.8 Growing Uptrend  Range(0.5%)50.21.5After Top 35.59(0.39%)35.08-362.61   -2.2%-40.4% 
7Jan_25_202134.64 (0.4%)35.66 (0.4%)35.62 (0.1%) 35.57 35.26(0%)35.59(1.02%)35.03-35.660.9(0.7)2.3 -0.4%0.1%0%-0.42%0.4%3%771.9 Uptrend Consolidation  Range(-0.3%)60.32.2Uptrend 35.95(1%)35.39-36.184.13   -1.8%-41% 
8Jan_22_202134.5 (0.4%)35.65 (0.6%)35.57 (-0.6%) 35.66 35.49(0%)35.23(-1.48%)34.91-35.621(0.6)-2.3 -0.7%0.2%0%-0.5%0.5%3.3%681.9 Correction  Range(0.2%)70.32.1Uptrend Consolidation 35.13(-0.28%)34.96-35.634.67   -2.8%-39.5% 
9Jan_21_202134.35 (0.4%)35.6 (0.6%)35.57 (0%) 35.75 35.88(0%)35.76(-0.08%)35.64-361.2(1.1)1.5 %0.4%0%0%0.62%3.6%732 Growing Uptrend  Range(0.4%)80.72.4Uptrend 36.27(1.43%)35.52-36.63   -1.3%-41.6% 
10Jan_20_202134.19 (0.4%)35.44 (0.8%)35.78 (-0.1%) 35.78 35.84(0%)35.79(0.11%)35.69-36.21.4(1.2)0.9 0.3%0.5%0%0.48%0.7%3.7%742 Growing Uptrend  Range(0.8%)80.82.3The Top 36.12(0.92%)34.83-37.183.22   -1.2%-41.7% 
 
11Jan_19_202134.07 (0.6%)35.27 (0.8%)35.81 (0.3%) 35.75 35.61(0%)35.75(1.16%)35.53-35.891.6(1.2)0.9 -0.1%0.7%0%-0.25%0.78%3.5%752 Uptrend Consolidation  Range(0.6%)81.32.3Uptrend 36.43(1.91%)35.46-36.853.5   -1.4%-41.6% 
12Jan_15_202133.93 (0.6%)34.95 (0.8%)35.71 (-0.1%) 35.77 35.73(0%)35.34(-2.48%)35.13-35.821.8(1.1)-2.5 -0.1%0.6%0%-0.22%0.76%3%692 Uptrend Consolidation  Higher(1.7%)81.42.5After Top 35.87(1.51%)34.61-36.915.49   -2.5%-40% 
13Jan_14_202133.8 (0.6%)34.73 (1%)35.73 (1%) 35.66 35.89(0%)36.24(1.23%)35.61-36.322.1(1.9)0.7 0.5%0.8%-1.4%0.2%0.82%2.8%782 Growing Uptrend  Lower(-2.3%)92.22.5Uptrend 36.94(1.93%)35.78-37.435.17   0%-43.5% 
14Jan_13_202133.61 (0.6%)34.4 (0.8%)35.38 (0.9%) 35.45 35.8(0%)35.8(-0.28%)35.6-36.12.2(1.8)1.2 1%0.8%-2%0.7%0.78%2.4%801.8 Growing Uptrend  Lower(-3.4%)921.9Relative Overbought 36.12(0.9%)34.66-37.324.4   -0.3%-41.8% 
15Jan_12_202133.42 (0.6%)34.09 (0.8%)35.05 (1.2%) 35.11 35.44(0%)35.9(1.82%)35.57-36.012.3(2.3)1.6 1.1%0.9%-2.4%0.79%0.7%2%731.6 Breakout  Lower(-4.1%)92.52Growing Uptrend 36.51(1.71%)35.46-36.784.16   0%-42.2% 
 
16Jan_11_202133.22 (0.4%)33.76 (0.6%)34.65 (1.7%) 34.67 35.11(0%)35.26(-0.48%)34.81-35.412.3(2.1)0.3 1.1%0.7%-2.2%0.86%0.58%1.6%611.4 Growing Uptrend  Lower(-3.8%)92.21.6Relative Overbought 35.32(0.18%)34.2-36.245.07   -0.5%-39.6% 
17Jan_8_202133.05 (0.4%)33.51 (0.4%)34.08 (1.5%) 34.32 34.78(0%)35.43(2.61%)34.65-35.52(2.7)1.1 1.6%0.8%-0.5%0.81%0.42%1.4%641.3 Breakout  Higher(1.9%)82.31Approaching Top 35.25(-0.51%)34.17-36.137.53   0%-40.3% 
18Jan_7_202132.84 (0.4%)33.23 (0.2%)33.59 (1%) 33.72 34.23(0%)34.53(1.23%)34.29-34.591.7(2.4)2.8 1.1%0.7%0%0.79%0.28%1.2%631 Breakout  Higher(1.8%)81.60.6Growing Uptrend 34.68(0.42%)34.24-34.784.1   0%-36.8% 
19Jan_6_202132.68 (0.4%)32.98 (0.2%)33.27 (0.8%) 33.33 33.86(0%)34.11(0.5%)33.56-34.471.3(2.2)0.6 1.4%0.5%0%1.67%0.18%0.9%621 Breakout  Higher(1.9%)71.8-0.8Growing Uptrend 34.2(0.25%)33.86-34.287.45   0%-35.1% 
20Jan_5_202132.55 (0.2%)32.82 (0%)33 (0.8%) 33.03 33.22(0%)33.94(4.82%)33.38-34.121(2.2)1.5 1%0.3%0%0.72%0.14%0.8%641 Breakout  Higher(1.3%)72.1-0.3Uptrend 33.95(0.04%)33.68-34.0713.58   0%-34.4% 
 
21Jan_4_202132.42 (0.2%)32.75 (0%)32.73 (-0.3%) 32.81 32.8(0%)32.38(-1.91%)32.24-33.290.6(-0.1)-3.9 -0.1%-0.1%0%-0.15%0.12%1%560.9 Correction  Range(0.8%)60-0.7Uptrend Consolidation 32.39(0.03%)32.38-32.4214.31   -3.3%-28.2% 
22Dec_31_202032.37 (0.2%)32.83 (0.2%)32.84 (0.2%) 32.82 32.84(0%)33.01(0.3%)32.63-33.110.9(1)1.6 0.1%0.2%0%0.24%0.2%1.4%601 Growing Uptrend  Range(0.3%)80.51.1Uptrend 33.07(0.18%)32.89-33.144.42   -1.4%-30.7% 
23Dec_30_202032.27 (0.2%)32.8 (0.2%)32.79 (0.5%) 32.8 32.83(0%)32.91(0.4%)32.55-33.220.9(0.9)1.7 0.2%0.2%0%0.21%0.24%1.6%661 Growing Uptrend  Range(0.4%)80.70.9Uptrend 33(0.28%)32.8-33.094.83   -1.7%-30.3% 
24Dec_29_202032.16 (0.2%)32.77 (0.2%)32.63 (0.1%) 32.75 32.8(0%)32.78(0.58%)32.66-32.990.8(0.8)2.1 0.2%0.2%0%0.06%0.24%1.9%651.1 Growing Uptrend  Range(0.4%)80.61.2Uptrend 32.88(0.31%)32.66-32.983.62   -2.1%-29.8% 
25Dec_28_202032.08 (0.4%)32.71 (0.2%)32.6 (-0.6%) 32.59 32.76(0%)32.59(-1%)32.51-33.050.8(0.6)1.3 0.1%0.2%0%-0.37%0.3%2%641.1 Growing Uptrend  Range(0.8%)80.30.8Uptrend 32.7(0.34%)32.49-32.794.9   -2.7%-29.1% 
iDateema20(Trend)ema10(Trend) ema5(Trend) Slow Hourly
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CloseActualPriceRangeBBVHourly
BBV
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Next
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CRVVIXCDTrend-Narrative  NextDay
PriceTarget  
NextDayPriceRangeVolume
millions
To High-Low
Click to see actual return for next trading day.
 
 
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