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     Thu. Mar. 4, 2021

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

(United States Oil)

USO latest price $43.0700 (4.69%) ($41.5000 - $43.4600) on Thu. Mar. 4, 2021.


Trend Analysis and Forecast
 
Trend Pattern  Growing Uptrend
Trend Narrative  Uptrend
Average Daily Price Swing  $1.4 (3.46% one month average)
Average Daily Percentage Swing  1.62% (three month average)
Weekly Trend Force  0.7% (StdDev 1.62%)
Daily Moving Force  1.4%
Correction Force  Weak (0%)
Hourly Trend Strength  1.71%
Trend   0.36%
Trend Strength  2.3%
Trend Clarity  0.2(0.7/1.4/40.45)
RSI   69
Momentum  2.1
Latest Price  $43.0700(4.69%)
Forecasted Low Price  42.9(-0.4%)
Forecasted High Price  44.15(2.5%)
Direction of Next Movement  Higher(2.2%)
% Change Needed to Confirm Correction  9.6% (39.28)
% Change Needed for Trend Reversal  4.9%
Hourly Trend   2.3% [$41.77(0.97), $41.26(0.2)]
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 advances 1.3% a week on average for past two weeks.
Market Behavior  Broad based sell-off for large cap. Broad based sell-off for small cap.
Correlated ETFs  Broad market will support USO advance at 0.3% a week (74% probability)
  XOP(74%)    XLE(71%)    OIH(57%)    INDA(37%)    EWY(28%)  
Factors Impacting USO price  USO will decline at least -0.2% in a week (16% probabilities).
  UUP(-26%)    XLU(-11%)    BNDX(-11%)    VXX(-10%)    BLOK(-10%)  
Explanation   The rally is not sustainable and not supported by the broad market.
Trading Plan  Not Available
 
Valuation to SPY   2.4
 
Relative Volatility   -0.5 (options are faily valued)
 
Market Trend Strength  0.8% (StdDev 1.62%)
Hourly BBV   1.5 ()
Intraday Trend   2.9%
  
 

  


Next Day Open Price  $43.03(-0.1%)
Inflection Point  Yes
Support Level  $40.45
5 Day Moving Average  $41.24(4.44%)
10 Day Moving Average  $41.39(4.06%)
20 Day Moving Average  $40.45(6.48%)
To recent high  0%
To recent low  37.4%
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 3.46% (three month std-dev: 1.62%    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   

  >  20210404

iDateema20(Trend)ema10(Trend) ema5(Trend) Slow Hourly
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CRVVIXCDTrend-Narrative  NextDay
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To High-Low
1Mar_4_202140.45 (0.6%)41.39 (0.2%)41.24 (0.3%) 41.26 41.77(0%)43.07(4.69%)41.5-43.460.8(1.9)1.5 1.4%0.7%0%1.71%0.36%2.3%692.1 Growing Uptrend  Higher(2.1%)52.40.3Uptrend 43.44(0.87%)42.59-43.8211.77   0%-37.4% 
2Mar_3_202140.17 (0.6%)41.1 (0.2%)41.12 (-0.7%) 41.06 40.8(0%)41.14(2.67%)40.55-41.650.7(0.7)0 -0.3%0.2%0%-0.05%0.38%2.3%612.3 Correction  Range(-0.1%)51.20.1Uptrend Consolidation 40.99(-0.36%)40.78-41.624.7   -3.2%-31.6% 
3Mar_2_202139.97 (0.8%)41.08 (0.4%)41.39 (-0.7%) 41.4 40.75(0%)40.07(-1.31%)40.07-41.070.8(0.1)-2 -1.1%0%0%-1.16%0.52%2.8%582.6 Downtrend Reversal  Range(-0.4%)60.20.5Uptrend Consolidation 40.19(0.31%)39.99-40.798.23   -5.7%-29.4% 
4Mar_1_202139.79 (0.8%)41.13 (0.6%)41.7 (-0.3%) 41.81 41.31(0%)40.6(-1.72%)40.31-41.611.1(0.5)-1 -1%0.3%0%-1.27%0.66%3.4%623 Correction Correction Range(0.2%)70.40.3Uptrend 41.68(2.67%)40.47-42.216.9   -4.5%-32.6% 
5Feb_26_202139.54 (0.8%)41.08 (0.8%)41.83 (0.8%) 41.9 42.05(0%)41.31(-2.71%)41.12-42.141.4(0.9)-2.8 %0.6%0%-0.26%0.78%3.9%713.4 Uptrend Dip  Higher(2%)81.50.4Uptrend Dip 44.85(8.56%)40.69-45.885.91   -2.8%-34.9% 
 
6Feb_25_202139.24 (0.8%)40.87 (0.8%)41.51 (1.1%) 41.72 42.31(0%)42.46(-0.09%)42.15-42.771.4(1.5)-0.1 1.3%0.8%0%0.98%0.74%4.1%813.8 Growing Uptrend  Higher(2.1%)82.20.5Relative Overbought 43.87(3.32%)40.73-46.444.44   -0.1%-38.7% 
7Feb_24_202138.9 (0.8%)40.54 (0.8%)41.07 (0.8%) 41.11 41.75(0%)42.5(2.11%)41.79-42.571.4(1.7)2.3 1.2%0.9%0%1.18%0.72%4.2%823.8 Growing Uptrend  Higher(2.1%)81.91.1Uptrend 44.02(3.57%)41.86-44.946.49   0%-38.8% 
8Feb_23_202138.54 (0.8%)40.2 (0.8%)40.75 (0.6%) 40.73 41.13(0%)41.62(0.82%)40.74-41.731.4(1.5)2 1.1%0.7%0%1.2%0.72%4.3%823.6 Growing Uptrend  Higher(1.8%)81.91.5Uptrend 42.99(3.3%)41.01-43.845.62   0%-41% 
9Feb_22_202138.23 (0.6%)39.93 (0.8%)40.51 (0.7%) 40.54 40.47(0%)41.28(4.03%)40.56-41.421.4(1.5)0.9 0.4%0.8%0%0.02%0.78%4.4%843.5 Growing Uptrend  Higher(1.2%)821.7Uptrend 42.77(3.61%)40.68-43.675.8   0%-39.8% 
10Feb_19_202137.93 (0.6%)39.62 (1%)40.25 (0.4%) 40.37 40.32(0%)39.68(-1.47%)39.55-40.51.5(0.9)-1 -0.2%0.5%0%-0.52%0.84%4.5%833.6 Uptrend Correction Higher(1%)91.11.9Uptrend 41.25(3.95%)39.37-42.055.53   -3%-36.4% 
 
11Feb_18_202137.73 (0.6%)39.45 (1%)40.1 (0.5%) 40.25 40.6(0%)40.27(-1.52%)40.11-41.131.6(1.3)-1.6 0.6%0.7%0%0.47%0.9%4.5%883.7 Uptrend Dip  Higher(2.1%)101.51.9Uptrend 42.03(4.38%)39.8-42.996.7   -1.5%-38.9% 
12Feb_17_202137.5 (0.6%)39.17 (1.2%)39.91 (0.9%) 39.87 40.43(0%)40.89(1.09%)40.13-40.961.8(1.8)2.1 1.1%0.9%0%0.77%0.94%4.5%903.7 Growing Uptrend  Higher(2%)1022.1Uptrend 42.73(4.51%)40.27-43.797.39   0%-41.6% 
13Feb_16_202137.23 (0.6%)38.77 (1.2%)39.56 (0.8%) 39.55 39.9(0%)40.45(1.28%)40.05-40.471.8(1.8)0.6 1.1%1%0%1.06%0.94%4.1%903.4 Growing Uptrend  Higher(2.1%)101.92Uptrend 42.08(4.02%)39.88-43.025.46   0%-40.4% 
14Feb_12_202136.97 (0.6%)38.34 (1%)39.26 (0.9%) 39.2 39.32(0%)39.94(2.49%)39.01-40.071.9(1.8)2 0.5%1%0%0.23%0.9%3.7%863.1 Growing Uptrend  Higher(1.5%)1022.1Uptrend 41.37(3.59%)39.41-42.225.74   0%-42% 
15Feb_11_202136.77 (0.6%)37.87 (1%)38.91 (0.6%) 39 39.19(0%)38.97(-0.79%)38.87-39.382.1(1.5)-0.9 0.4%0.8%-1.5%0.13%0.84%3%862.8 Uptrend Dip  Lower(-2.5%)91.52.2Uptrend 40.15(3.04%)38.58-40.833.73   -0.8%-38.5% 
 
16Feb_10_202136.6 (0.6%)37.51 (1%)38.68 (1%) 38.77 39.07(0%)39.28(0.28%)39.01-39.472.3(1.9)-0.3 0.8%0.9%-2.1%0.49%0.8%2.5%792.7 Growing Uptrend  Lower(-3.6%)922.2Growing Uptrend 40.54(3.22%)38.8-40.984.99   0%-39.6% 
17Feb_9_202136.42 (0.6%)37.13 (0.8%)38.31 (1.2%) 38.37 38.81(0%)39.17(0.59%)38.52-39.212.4(2.2)0.8 1%0.9%-2.1%0.78%0.72%1.9%792.3 Overbought  Lower(-3.5%)92.12Growing Uptrend 40.18(2.58%)38.67-40.564.9   0%-39.5% 
18Feb_8_202136.21 (0.6%)36.75 (0.6%)37.84 (1.5%) 37.99 38.47(0%)38.94(1.96%)38.47-38.982.5(2.6)1.6 1.4%0.8%-2.4%1%0.64%1.5%781.8 Breakout  Lower(-4.1%)82.21.8Approaching Top 39.09(0.38%)37.47-40.414.15   0%-38.7% 
19Feb_5_202136.03 (0.6%)36.39 (0.6%)37.28 (1.7%) 37.54 37.93(0%)38.19(1.01%)37.95-38.42.2(2.5)0.8 1.3%0.7%-1.4%0.74%0.52%1%771.5 Breakout  Lower(-2.1%)721.7Approaching Top 38.23(0.11%)37.01-39.234.38   0%-44.3% 
20Feb_4_202135.84 (0.4%)36.09 (0.2%)36.67 (1.4%) 36.94 37.52(0%)37.81(0.99%)37.2-37.951.8(2.6)1.8 1.2%0.6%0%0.83%0.34%0.7%611.3 Breakout  Higher(1.8%)61.81.5Growing Uptrend 38.06(0.66%)37.45-38.215.02   0%-42.8% 
 
21Feb_3_202135.65 (0.4%)35.86 (0.2%)36.16 (1.1%) 36.38 37.14(0%)37.44(1.68%)37.19-37.781.3(2.6)0.5 1.6%0.5%0%1.81%0.22%0.6%631.2 Breakout  Higher(2.1%)62.11.7Growing Uptrend 37.58(0.37%)37.11-37.76.79   0%-41.4% 
22Feb_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% 
23Feb_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% 
24Jan_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% 
25Jan_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% 
iDateema20(Trend)ema10(Trend) ema5(Trend) Slow Hourly
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CloseActualPriceRangeBBVHourly
BBV
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Pattern
Next
Direction
CRVVIXCDTrend-Narrative  NextDay
PriceTarget  
NextDayPriceRangeVolume
millions
To High-Low
Click to see actual return for next trading day.
 
 
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