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| ^ USO: Intraday Forecast Similar Waves Research Timing Gains Losses Strategies Practice |
| Fri. Sep. 18, 2020 |
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Trading Signals: USO Stock Price Prediction and Forecast (Mon. Apr. 10, 2006 - Fri. Sep. 18, 2020)(United States Oil)
USO latest price $29.0600 (-0.58%) ($28.9000 - $29.4300) on Fri. Sep. 18, 2020. Trend and Trading Plan | Trend Narrative | Downtrend Consolidation | | Intraday Reversal Probability | N/A. | | Daily Trend | USO advances 1.4% a day on average for past five trading days. | | Weekly Trend | USO declines -3% a week on average for past two weeks. | | Market Behavior | Broad based sell-off for large cap. Value stock sell-off for small cap. | | Correlated ETFs | Broad market will support USO decline at-1.3% a week (75% probability)
XOP(67%) OIH(64%) VT(64%) XLE(64%) EWI(61%) | | Factors Impacting USO price | USO will decline at least -0.4% in a week (37% probabilities).
UUP(-41%) VIXM(-40%) VXX(-39%) BJK(-33%) TLT(-28%) | | Explanation | The rally is not sustainable and not supported by the broad market. | | Trading Plan | Not Available | | | | | Valuation to SPY | 0.6 | | | | | Relative Volatility | 1.4 (options are expensive) | | | | | Hourly Trend | 2.04% [$29.03(0.36), $28.45(0.58)] | | Last Hour Trend | 0.17% [$29.17, $29.12] |
USO Next 1 - 5 Day Price Forecast
| Bullish Probability | 50% | | Bullish Price Move | 1.9% | | Bearish Probability | 50% | | Bearish Price Move | -1.9% | | Recommended Position Size | 0% | | Latest Price | $29.0600 | | Next Day Open Price | $29.16(0.34%) | | 1 - 3 Day Target Price | $28.7(-1.23%) | | 1 - 5 Day Price Range | $29.14 - $28.56 | | 5 Day Moving Average | $28.29(2.72%) | | 10 Day Moving Average | $27.83(4.42%) | | 20 Day Moving Average | $29.05(0.03%) | | To recent high | -6% | | To recent low | 8.6% | | Market Cap | $N/A | | | | Option Sentiment | | | | | | | |
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$. 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 5.2% (three month std-dev: 1.85% 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 Hourly Chart 15 Minute Chart | i | Date | To High-Low | ema20
Trend | ema10
Trend | ema5
Trend | Hourly
Trend | Last
Hour | EMA
Ratio | BBV | RV | RVT(RV,IV) | VIXCD | Volume
millions | Close | ActualPriceRange | Trend-Narrative | NextDay
PriceTarget | NextDayPriceRange | RSI |
|---|
| 1 | Sep_18_2020 | -6%-8.6% | -1.9%,-0.4(0.1) | -3%,-0.6(0.2) | 1.4%,0.3 | 1.2 | 0.17% | -4.2% | 0 | 0.6 | 1.4(5.2%,NAN%) | 2.1 | 3.03 | 29.06(-0.58%) | 28.9-29.43 | Downtrend Consolidation | 28.7(-1.23%) | 29.14-28.56 | 38 | | 2 | Sep_17_2020 | -5.5%-9.3% | -2.3%,-0.4(0.1) | -4.2%,-0.8(0.2) | 1.8%,0.3 | 1.5 | -0.1% | -4.4% | 0.1 | 0.3 | 1.6(5.29%,2.12%) | 2.1 | 4.57 | 29.23(1.85%) | 28.43-29.39 | Downtrend Consolidation | 28.73(-1.72%) | 29.23-28.56 | 39 | | 3 | Sep_16_2020 | -7.2%-7.3% | -2.7%,-0.5(0) | -5.5%,-1(0.1) | 1%,0.2 | 0.9 | 0.14% | -4.5% | -0.3 | -0.3 | 1.8(5.38%,2.15%) | 1.4 | 5.78 | 28.7(4.29%) | 28.06-28.8 | Downtrend Consolidation | 28.06(-2.22%) | 28.93-27.77 | 34 | | 4 | Sep_15_2020 | -11%-2.9% | -2.9%,-0.5(0) | -6.1%,-1.1(0) | 0.6%,0.1 | 0 | 0% | -4.2% | -1.1 | -1.3 | 2.1(5.43%,2.1%) | 0.8 | 3.9 | 27.52(2.15%) | 26.96-27.7 | Downtrend | 26.52(-3.63%) | 25.95-27.86 | 24 | | 5 | Sep_14_2020 | -12.9%-0.7% | -2.9%,-0.6(-0.1) | -6.4%,-1.2(-0.1) | -1.1%,-0.2 | -0.3 | -0.04% | -3.8% | -1.6 | -1.7 | 2.4(5.3%,2.33%) | 0.8 | 3.26 | 26.94(-0.37%) | 26.6-27.02 | Growing Downtrend | 26(-3.5%) | 25.23-27.37 | 25 | | | | |
| 6 | Sep_11_2020 | -12.6%-2.6% | -2.6%,-0.5(-0.1) | -5.7%,-1.2(-0.2) | -1.9%,-0.4 | 0 | 0.04% | -3.1% | -1.8 | -1.7 | 2.8(4.9%,2.45%) | 0.1 | 3.37 | 27.04(0.93%) | 26.73-27.27 | Relative Oversold | 26.77(-1.01%) | 24.86-28.33 | 28 | | 7 | Sep_10_2020 | -13.4%-1.6% | -2.1%,-0.5(-0.1) | -4.8%,-1.1(-0.3) | -2.2%,-0.5 | -0.9 | -0.6% | -2.5% | -2.3 | -2.1 | 3.2(4.43%,2.32%) | -0.7 | 4.85 | 26.79(-2.26%) | 26.75-27.47 | Growing Downtrend | 26.29(-1.88%) | 25.78-27.29 | 24 | | 8 | Sep_9_2020 | -11.4%-4% | -1.5%,-0.4(-0.2) | -3.7%,-1(-0.3) | -2.2%,-0.6 | -3 | -0.18% | -1.7% | -2.3 | -2.3 | 3.4(3.77%,2.19%) | -0.7 | 5.3 | 27.41(2.47%) | 26.71-27.69 | Relative Oversold | 27.65(0.86%) | 26.33-28.73 | 25 | | 9 | Sep_8_2020 | -13.5%-1.5% | -0.9%,-0.3(-0.3) | -2.5%,-0.8(-0.4) | -2.6%,-0.8 | -3 | 0.34% | -1% | -3.6 | -2.8 | 3.7(3.15%,2.28%) | -1.2 | 10.49 | 26.75(-6.17%) | 26.27-26.96 | Growing Downtrend | 26.61(-0.52%) | 26.33-27.32 | 18 | | 10 | Sep_4_2020 | -7.8%-8.2% | -0.1%,-0.1(-0.3) | -1.3%,-0.7(-0.4) | -1.5%,-0.8 | -3.6 | 0.07% | -0.3% | -3.4 | -2.6 | 1.1(1.78%,1.95%) | -1.1 | 7.36 | 28.51(-3.81%) | 28.4-29.45 | Downtrend | 28.52(0.04%) | 28.38-28.84 | 24 | | | | |
| 11 | Sep_3_2020 | -4.2%-12.4% | 0.4%,0.3(-0.3) | -0.5%,-0.5(-0.3) | -0.7%,-0.6 | -3.9 | 0% | 0.1% | -2.1 | -1.8 | -1.3(1.18%,1.82%) | -2.4 | 7.91 | 29.64(-0.74%) | 29.04-29.78 | Correction | 29.44(-0.69%) | 29.39-29.6 | 43 | | 12 | Sep_2_2020 | -3.5%-13.3% | 0.8%,0.7(-0.3) | -0.1%,-0.1(-0.4) | -0.7%,-0.6 | -1.2 | -0.17% | 0.3% | -1.8 | -3.4 | -2(1.05%,1.26%) | 0.2 | 7.27 | 29.86(-2.45%) | 29.59-30.6 | Correction | 29.73(-0.42%) | 29.7-29.86 | 44 | | 13 | Sep_1_2020 | -1%-16.7% | 1.1%,1(-0.1) | 0.3%,0.3(-0.3) | -0.2%,-0.2 | 0 | -0.16% | 0.5% | 0.4 | -2.3 | -2.1(1.08%,1.48%) | 0 | 3.9 | 30.61(0.1%) | 30.54-30.94 | Uptrend Consolidation | 30.58(-0.1%) | 30.56-30.63 | 51 | | 14 | Aug_31_2020 | -1.1%-16.6% | 1.2%,0.9(0.1) | 0.6%,0.5(-0.1) | 0.1%,0.1 | -0.6 | -0.13% | 0.6% | 0.4 | -2 | -1.1(1.31%,1.43%) | 0.1 | 3.81 | 30.58(-0.46%) | 30.39-30.9 | Uptrend | 30.63(0.15%) | 30.55-30.66 | 63 | | 15 | Aug_28_2020 | -0.7%-22.7% | 1.1%,0.7(0.1) | 0.8%,0.5(0) | 0.4%,0.2 | -0.6 | 0% | 0.9% | 0.7 | -2.3 | 0.3(1.58%,1.68%) | 0.8 | 2.42 | 30.72(0.16%) | 30.52-30.8 | Uptrend | 30.77(0.16%) | 30.66-30.82 | 58 | | | | |
| 16 | Aug_27_2020 | -0.8%-22.7% | 1%,0.5(0) | 0.7%,0.4(-0) | 0.1%,0.1 | 0.6 | 0.13% | 1% | 0.7 | -2.1 | 1.4(1.82%,1.7%) | 0.7 | 4.36 | 30.67(-0.84%) | 30.27-30.9 | Uptrend | 30.72(0.17%) | 30.59-30.78 | 62 | | 17 | Aug_26_2020 | 0%-23.7% | 0.9%,0.5(0) | 0.7%,0.4(-0) | 0.2%,0.1 | 2.1 | -0.03% | 1.2% | 1.3 | -1.2 | 1.7(1.85%,1.35%) | 1.3 | 5.35 | 30.93(0.03%) | 30.84-31.19 | Uptrend | 30.95(0.06%) | 30.79-31.02 | 59 | | 18 | Aug_25_2020 | 0%-23.7% | 0.8%,0.5(0.1) | 0.8%,0.4(0) | 0.2%,0.1 | 1.5 | 0.03% | 1.3% | 1.4 | -0.3 | 1.7(1.82%,1.36%) | 1.6 | 5.23 | 30.92(1.88%) | 30.59-31.02 | Uptrend | 30.93(0.04%) | 30.76-31 | 58 | | 19 | Aug_24_2020 | -1.4%-21.4% | 0.7%,0.4(-0.1) | 0.7%,0.4(-0.2) | -0.3%,-0.2 | -0.6 | -0.07% | 1.2% | 0.6 | -1.9 | 1.1(1.73%,1.25%) | 1.7 | 4.48 | 30.35(0.56%) | 30.23-30.54 | Uptrend Consolidation | 30.27(-0.28%) | 30.22-30.4 | 59 | | 20 | Aug_21_2020 | -1.9%-20.7% | 0.9%,0.5(-0.1) | 1.1%,0.6(-0.2) | -0.1%,-0.1 | -1.2 | 0.46% | 1.3% | 0.3 | -1.7 | 0.7(1.76%,1.62%) | 1.7 | 6.52 | 30.18(-1.11%) | 29.64-30.24 | Uptrend Consolidation | 30.16(-0.07%) | 30.13-30.25 | 63 | | | | |
| 21 | Aug_20_2020 | -0.8%-22.1% | 1%,0.6(-0) | 1.4%,0.8(-0.2) | 0.1%,0.1 | -0.3 | 0.1% | 1.3% | 1 | -0.3 | 0.8(1.8%,1.42%) | 1.5 | 6.09 | 30.52(-0.46%) | 29.78-30.59 | Uptrend Consolidation | 30.38(-0.47%) | 30.3-30.61 | 70 | | 22 | Aug_19_2020 | -0.4%-25.5% | 1%,0.6(-0) | 1.8%,1(-0.1) | 0.1%,0 | 0.6 | -0.03% | 1.4% | 1.4 | 0.6 | 0.7(1.77%,1.61%) | 1.6 | 3.77 | 30.66(0.2%) | 30.41-30.82 | Uptrend Consolidation | 30.46(-0.64%) | 30.36-30.77 | 73 | | 23 | Aug_18_2020 | -0.6%-25.9% | 1.1%,0.7(0) | 2%,1.2(0.1) | 0.5%,0.3 | 0.6 | -0.1% | 1.4% | 1.4 | -0.1 | 0.4(1.67%,1.55%) | 1.6 | 5.59 | 30.6(-0.55%) | 30.39-30.83 | Uptrend | 30.68(0.27%) | 30.46-30.78 | 61 | | 24 | Aug_17_2020 | 0%-26.6% | 1.1%,0.7(0) | 1.9%,1.1(0.2) | 0.4%,0.3 | -0.3 | 0.19% | 1.3% | 1.9 | 0.7 | 0.2(1.64%,1.18%) | 1.8 | 4.3 | 30.77(1.45%) | 30.22-30.85 | Growing Uptrend | 30.85(0.27%) | 30.58-30.92 | 65 | | 25 | Aug_14_2020 | -0.8%-41.4% | 1.1%,0.7(0) | 1.6%,1(0.2) | 0.3%,0.2 | -0 | 0.2% | 1.1% | 1.2 | -0.5 | -0.3(1.55%,1.33%) | 1.8 | 3.79 | 30.33(-0.23%) | 30.02-30.42 | Growing Uptrend | 30.4(0.24%) | 30.22-30.45 | 56 | | i | Date | To High-Low | ema20
Trend | ema10
Trend | ema5
Trend | Hourly
Trend | Last
Hour | EMA
Ratio | BBV | RV | RVT | VIXCD | Volume
millions | Close | 5 Day
Target | Trend
Narrative | 5 Day
Price Change | SRI | RSI |
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