Trading Signals: USO Stock Price Prediction and Forecast

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

Fri. Mar. 5, 2021

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

(United States Oil)
USO latest price $44.4400 (3.18%) ($43.9100 - $44.5070) on Fri. Mar. 5, 2021.

Trend Analysis and Forecast

Trend Pattern   Breakout
Trend Narrative   Growing Uptrend
Average Daily Price Swing   $1.53 (3.75% one month average)
Average Daily Percentage Swing   1.65% (three month average)
Weekly Trend Force   1.1% (StdDev 1.65%)
Daily Moving Force   2.7%
Correction Force   Weak (0%)
Hourly Trend Strength   2.82%
Trend   0.46%
Trend Strength   2.7%
Trend Clarity   0.29(1.1/1.53/40.79)
RSI   68
Momentum   2.3
Latest Price   $44.4400(3.18%)
Forecasted Low Price   44.26(-0.4%)
Forecasted High Price   46.31(4.2%)
Direction of Next Movement   Higher(4.1%)
% Change Needed to Confirm Correction   12.3% (39.56)
% Change Needed for Trend Reversal   6.9%
Hourly Trend 3.6% [$43.35(1.58), $42.08(0.82)]
Stocks Behave Similarly   Similar Stock List
Top Holdings   Top Holding List
Complacency   6
Intraday Reversal Probability   N/A.
Daily Trend   USO advances 1.5% a day on average for past five trading days.
Weekly Trend   USO advances 1.9% 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 advance at 0.7% a week (74% probability)
XOP(74%)    XLE(72%)    OIH(58%)    INDA(37%)    EWY(28%)
Factors Impacting USO price   USO will decline at least -0.4% in a week (16% probabilities).
UUP(-26%)    XLU(-11%)    VXX(-10%)    BNDX(-10%)    PEJ(-9%)
Explanation The rally is not sustainable and not supported by the broad market.
Trading Plan   Not Available

Valuation to SPY 2.3

Relative Volatility -0.4 (options are faily valued)

Market Trend Strength   1.4% (StdDev 1.65%)
Hourly BBV 1 ()
Intraday Trend 0.8%

Next Day Open Price   $44.48(0.1%)
Support Level   $40.79
5 Day Moving Average   $41.86(6.16%)
10 Day Moving Average   $41.88(6.11%)
20 Day Moving Average   $40.79(8.95%)
To recent high   0%
To recent low   41.8%
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 3.75% (three month std-dev: 1.65% 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

> 20210405

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	Mar_5_2021	40.79 (0.6%)	41.88 (0.4%)	41.86 (1.5%)	42.08	43.35(0%)	44.44(3.18%)	43.91-44.51	1.2(2.4)	1	2.7%	1.1%	0%	2.82%	0.46%	2.7%	68	2.3	Breakout	Higher(3.8%)	6	2.3	-0.3	Growing Uptrend	45.17(1.65%)	43.77-45.52	7.87	0%-41.8%
2	Mar_4_2021	40.45 (0.6%)	41.39 (0.2%)	41.24 (0.3%)	41.26	41.77(0%)	43.07(4.69%)	41.5-43.46	0.8(1.9)	1.5	1.4%	0.7%	0%	1.71%	0.36%	2.3%	69	2.1	Growing Uptrend	Higher(2.1%)	5	2.4	0.3	Uptrend	43.44(0.87%)	42.59-43.82	11.77	0%-37.4%
3	Mar_3_2021	40.17 (0.6%)	41.1 (0.2%)	41.12 (-0.7%)	41.06	40.8(0%)	41.14(2.67%)	40.55-41.65	0.7(0.7)	0	-0.3%	0.2%	0%	-0.05%	0.38%	2.3%	61	2.3	Correction	Range(-0.1%)	5	1.2	0.1	Uptrend Consolidation	40.99(-0.36%)	40.78-41.62	4.7	-3.2%-31.6%
4	Mar_2_2021	39.97 (0.8%)	41.08 (0.4%)	41.39 (-0.7%)	41.4	40.75(0%)	40.07(-1.31%)	40.07-41.07	0.8(0.1)	-2	-1.1%	0%	0%	-1.16%	0.52%	2.8%	58	2.6	Downtrend Reversal	Range(-0.4%)	6	0.2	0.5	Uptrend Consolidation	40.19(0.31%)	39.99-40.79	8.23	-5.7%-29.4%
5	Mar_1_2021	39.79 (0.8%)	41.13 (0.6%)	41.7 (-0.3%)	41.81	41.31(0%)	40.6(-1.72%)	40.31-41.61	1.1(0.5)	-1	-1%	0.3%	0%	-1.27%	0.66%	3.4%	62	3	Correction Correction	Range(0.2%)	7	0.4	0.3	Uptrend	41.68(2.67%)	40.47-42.21	6.9	-4.5%-32.6%

6	Feb_26_2021	39.54 (0.8%)	41.08 (0.8%)	41.83 (0.8%)	41.9	42.05(0%)	41.31(-2.71%)	41.12-42.14	1.4(0.9)	-2.8	%	0.6%	0%	-0.26%	0.78%	3.9%	71	3.4	Uptrend Dip	Higher(2%)	8	1.5	0.4	Uptrend Dip	44.85(8.56%)	40.69-45.88	5.91	-2.8%-34.9%
7	Feb_25_2021	39.24 (0.8%)	40.87 (0.8%)	41.51 (1.1%)	41.72	42.31(0%)	42.46(-0.09%)	42.15-42.77	1.4(1.5)	-0.1	1.3%	0.8%	0%	0.98%	0.74%	4.1%	81	3.8	Growing Uptrend	Higher(2.1%)	8	2.2	0.5	Relative Overbought	43.87(3.32%)	40.73-46.44	4.44	-0.1%-38.7%
8	Feb_24_2021	38.9 (0.8%)	40.54 (0.8%)	41.07 (0.8%)	41.11	41.75(0%)	42.5(2.11%)	41.79-42.57	1.4(1.7)	2.3	1.2%	0.9%	0%	1.18%	0.72%	4.2%	82	3.8	Growing Uptrend	Higher(2.1%)	8	1.9	1.1	Uptrend	44.02(3.57%)	41.86-44.94	6.49	0%-38.8%
9	Feb_23_2021	38.54 (0.8%)	40.2 (0.8%)	40.75 (0.6%)	40.73	41.13(0%)	41.62(0.82%)	40.74-41.73	1.4(1.5)	2	1.1%	0.7%	0%	1.2%	0.72%	4.3%	82	3.6	Growing Uptrend	Higher(1.8%)	8	1.9	1.5	Uptrend	42.99(3.3%)	41.01-43.84	5.62	0%-41%
10	Feb_22_2021	38.23 (0.6%)	39.93 (0.8%)	40.51 (0.7%)	40.54	40.47(0%)	41.28(4.03%)	40.56-41.42	1.4(1.5)	0.9	0.4%	0.8%	0%	0.02%	0.78%	4.4%	84	3.5	Growing Uptrend	Higher(1.2%)	8	2	1.7	Uptrend	42.77(3.61%)	40.68-43.67	5.8	0%-39.8%

11	Feb_19_2021	37.93 (0.6%)	39.62 (1%)	40.25 (0.4%)	40.37	40.32(0%)	39.68(-1.47%)	39.55-40.5	1.5(0.9)	-1	-0.2%	0.5%	0%	-0.52%	0.84%	4.5%	83	3.6	Uptrend Correction	Higher(1%)	9	1.1	1.9	Uptrend	41.25(3.95%)	39.37-42.05	5.53	-3%-36.4%
12	Feb_18_2021	37.73 (0.6%)	39.45 (1%)	40.1 (0.5%)	40.25	40.6(0%)	40.27(-1.52%)	40.11-41.13	1.6(1.3)	-1.6	0.6%	0.7%	0%	0.47%	0.9%	4.5%	88	3.7	Uptrend Dip	Higher(2.1%)	10	1.5	1.9	Uptrend	42.03(4.38%)	39.8-42.99	6.7	-1.5%-38.9%
13	Feb_17_2021	37.5 (0.6%)	39.17 (1.2%)	39.91 (0.9%)	39.87	40.43(0%)	40.89(1.09%)	40.13-40.96	1.8(1.8)	2.1	1.1%	0.9%	0%	0.77%	0.94%	4.5%	90	3.7	Growing Uptrend	Higher(2%)	10	2	2.1	Uptrend	42.73(4.51%)	40.27-43.79	7.39	0%-41.6%
14	Feb_16_2021	37.23 (0.6%)	38.77 (1.2%)	39.56 (0.8%)	39.55	39.9(0%)	40.45(1.28%)	40.05-40.47	1.8(1.8)	0.6	1.1%	1%	0%	1.06%	0.94%	4.1%	90	3.4	Growing Uptrend	Higher(2.1%)	10	1.9	2	Uptrend	42.08(4.02%)	39.88-43.02	5.46	0%-40.4%
15	Feb_12_2021	36.97 (0.6%)	38.34 (1%)	39.26 (0.9%)	39.2	39.32(0%)	39.94(2.49%)	39.01-40.07	1.9(1.8)	2	0.5%	1%	0%	0.23%	0.9%	3.7%	86	3.1	Growing Uptrend	Higher(1.5%)	10	2	2.1	Uptrend	41.37(3.59%)	39.41-42.22	5.74	0%-42%

16	Feb_11_2021	36.77 (0.6%)	37.87 (1%)	38.91 (0.6%)	39	39.19(0%)	38.97(-0.79%)	38.87-39.38	2.1(1.5)	-0.9	0.4%	0.8%	-1.5%	0.13%	0.84%	3%	86	2.8	Uptrend Dip	Lower(-2.5%)	9	1.5	2.2	Uptrend	40.15(3.04%)	38.58-40.83	3.73	-0.8%-38.5%
17	Feb_10_2021	36.6 (0.6%)	37.51 (1%)	38.68 (1%)	38.77	39.07(0%)	39.28(0.28%)	39.01-39.47	2.3(1.9)	-0.3	0.8%	0.9%	-2.1%	0.49%	0.8%	2.5%	79	2.7	Growing Uptrend	Lower(-3.6%)	9	2	2.2	Growing Uptrend	40.54(3.22%)	38.8-40.98	4.99	0%-39.6%
18	Feb_9_2021	36.42 (0.6%)	37.13 (0.8%)	38.31 (1.2%)	38.37	38.81(0%)	39.17(0.59%)	38.52-39.21	2.4(2.2)	0.8	1%	0.9%	-2.1%	0.78%	0.72%	1.9%	79	2.3	Overbought	Lower(-3.5%)	9	2.1	2	Growing Uptrend	40.18(2.58%)	38.67-40.56	4.9	0%-39.5%
19	Feb_8_2021	36.21 (0.6%)	36.75 (0.6%)	37.84 (1.5%)	37.99	38.47(0%)	38.94(1.96%)	38.47-38.98	2.5(2.6)	1.6	1.4%	0.8%	-2.4%	1%	0.64%	1.5%	78	1.8	Breakout	Lower(-4.1%)	8	2.2	1.8	Approaching Top	39.09(0.38%)	37.47-40.41	4.15	0%-38.7%
20	Feb_5_2021	36.03 (0.6%)	36.39 (0.6%)	37.28 (1.7%)	37.54	37.93(0%)	38.19(1.01%)	37.95-38.4	2.2(2.5)	0.8	1.3%	0.7%	-1.4%	0.74%	0.52%	1%	77	1.5	Breakout	Lower(-2.1%)	7	2	1.7	Approaching Top	38.23(0.11%)	37.01-39.23	4.38	0%-44.3%

21	Feb_4_2021	35.84 (0.4%)	36.09 (0.2%)	36.67 (1.4%)	36.94	37.52(0%)	37.81(0.99%)	37.2-37.95	1.8(2.6)	1.8	1.2%	0.6%	0%	0.83%	0.34%	0.7%	61	1.3	Breakout	Higher(1.8%)	6	1.8	1.5	Growing Uptrend	38.06(0.66%)	37.45-38.21	5.02	0%-42.8%
22	Feb_3_2021	35.65 (0.4%)	35.86 (0.2%)	36.16 (1.1%)	36.38	37.14(0%)	37.44(1.68%)	37.19-37.78	1.3(2.6)	0.5	1.6%	0.5%	0%	1.81%	0.22%	0.6%	63	1.2	Breakout	Higher(2.1%)	6	2.1	1.7	Growing Uptrend	37.58(0.37%)	37.11-37.7	6.79	0%-41.4%
23	Feb_2_2021	35.47 (0.4%)	35.68 (0%)	35.77 (0.8%)	35.93	36.36(0%)	36.82(1.94%)	36.72-37.05	0.9(2)	1.4	1.4%	0.4%	0%	1.47%	0.12%	0.6%	57	1.1	Growing Uptrend	Higher(1.8%)	6	1.7	1.4	Growing Uptrend	36.91(0.24%)	36.58-36.99	6.25	0%-40.2%
24	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%
25	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%
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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