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     Fri. Sep. 18, 2020



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  
 
 
 


  
 
 



$. 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

iDateTo High-Lowema20
Trend
ema10
Trend
ema5
Trend
Hourly
Trend
Last
Hour
EMA
Ratio
BBVRVRVT(RV,IV)VIXCDVolume
millions
CloseActualPriceRangeTrend-Narrative  NextDay
PriceTarget  
NextDayPriceRangeRSI
1Sep_18_2020-6%-8.6% -1.9%,-0.4(0.1)-3%,-0.6(0.2)1.4%,0.31.20.17%-4.2%00.61.4(5.2%,NAN%)2.13.03   29.06(-0.58%)28.9-29.43Downtrend Consolidation 28.7(-1.23%)29.14-28.5638
2Sep_17_2020-5.5%-9.3% -2.3%,-0.4(0.1)-4.2%,-0.8(0.2)1.8%,0.31.5-0.1%-4.4%0.10.31.6(5.29%,2.12%)2.14.57   29.23(1.85%)28.43-29.39Downtrend Consolidation 28.73(-1.72%)29.23-28.5639
3Sep_16_2020-7.2%-7.3% -2.7%,-0.5(0)-5.5%,-1(0.1)1%,0.20.90.14%-4.5%-0.3-0.31.8(5.38%,2.15%)1.45.78   28.7(4.29%)28.06-28.8Downtrend Consolidation 28.06(-2.22%)28.93-27.7734
4Sep_15_2020-11%-2.9% -2.9%,-0.5(0)-6.1%,-1.1(0)0.6%,0.100%-4.2%-1.1-1.32.1(5.43%,2.1%)0.83.9   27.52(2.15%)26.96-27.7Downtrend 26.52(-3.63%)25.95-27.8624
5Sep_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%-1.6-1.72.4(5.3%,2.33%)0.83.26   26.94(-0.37%)26.6-27.02Growing Downtrend 26(-3.5%)25.23-27.3725
 
6Sep_11_2020-12.6%-2.6% -2.6%,-0.5(-0.1)-5.7%,-1.2(-0.2)-1.9%,-0.400.04%-3.1%-1.8-1.72.8(4.9%,2.45%)0.13.37   27.04(0.93%)26.73-27.27Relative Oversold 26.77(-1.01%)24.86-28.3328
7Sep_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%-2.3-2.13.2(4.43%,2.32%)-0.74.85   26.79(-2.26%)26.75-27.47Growing Downtrend 26.29(-1.88%)25.78-27.2924
8Sep_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%-2.3-2.33.4(3.77%,2.19%)-0.75.3   27.41(2.47%)26.71-27.69Relative Oversold 27.65(0.86%)26.33-28.7325
9Sep_8_2020-13.5%-1.5-0.9%,-0.3(-0.3)-2.5%,-0.8(-0.4)-2.6%,-0.8-30.34%-1%-3.6-2.83.7(3.15%,2.28%)-1.210.49   26.75(-6.17%)26.27-26.96Growing Downtrend 26.61(-0.52%)26.33-27.3218
10Sep_4_2020-7.8%-8.2% -0.1%,-0.1(-0.3)-1.3%,-0.7(-0.4)-1.5%,-0.8-3.60.07%-0.3%-3.4-2.61.1(1.78%,1.95%)-1.17.36   28.51(-3.81%)28.4-29.45Downtrend 28.52(0.04%)28.38-28.8424
 
11Sep_3_2020-4.2%-12.4% 0.4%,0.3(-0.3)-0.5%,-0.5(-0.3)-0.7%,-0.6-3.90%0.1%-2.1-1.8-1.3(1.18%,1.82%)-2.47.91   29.64(-0.74%)29.04-29.78Correction 29.44(-0.69%)29.39-29.643
12Sep_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%)0.27.27   29.86(-2.45%)29.59-30.6Correction 29.73(-0.42%)29.7-29.8644
13Sep_1_2020-1%-16.7% 1.1%,1(-0.1)0.3%,0.3(-0.3)-0.2%,-0.20-0.16%0.5%0.4-2.3-2.1(1.08%,1.48%)03.9   30.61(0.1%)30.54-30.94Uptrend Consolidation 30.58(-0.1%)30.56-30.6351
14Aug_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%)0.13.81   30.58(-0.46%)30.39-30.9Uptrend 30.63(0.15%)30.55-30.6663
15Aug_28_2020-0.7%-22.7% 1.1%,0.7(0.1)0.8%,0.5(0)0.4%,0.2-0.60%0.9%0.7-2.30.3(1.58%,1.68%)0.82.42   30.72(0.16%)30.52-30.8Uptrend 30.77(0.16%)30.66-30.8258
 
16Aug_27_2020-0.8%-22.7% 1%,0.5(0)0.7%,0.4(-0)0.1%,0.10.60.13%1%0.7-2.11.4(1.82%,1.7%)0.74.36   30.67(-0.84%)30.27-30.9Uptrend 30.72(0.17%)30.59-30.7862
17Aug_26_20200%-23.7% 0.9%,0.5(0)0.7%,0.4(-0)0.2%,0.12.1-0.03%1.2%1.3-1.21.7(1.85%,1.35%)1.35.35   30.93(0.03%)30.84-31.19Uptrend 30.95(0.06%)30.79-31.0259
18Aug_25_20200%-23.7% 0.8%,0.5(0.1)0.8%,0.4(0)0.2%,0.11.50.03%1.3%1.4-0.31.7(1.82%,1.36%)1.65.23   30.92(1.88%)30.59-31.02Uptrend 30.93(0.04%)30.76-3158
19Aug_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%0.6-1.91.1(1.73%,1.25%)1.74.48   30.35(0.56%)30.23-30.54Uptrend Consolidation 30.27(-0.28%)30.22-30.459
20Aug_21_2020-1.9%-20.7% 0.9%,0.5(-0.1)1.1%,0.6(-0.2)-0.1%,-0.1-1.20.46%1.3%0.3-1.70.7(1.76%,1.62%)1.76.52   30.18(-1.11%)29.64-30.24Uptrend Consolidation 30.16(-0.07%)30.13-30.2563
 
21Aug_20_2020-0.8%-22.1% 1%,0.6(-0)1.4%,0.8(-0.2)0.1%,0.1-0.30.1%1.3%1-0.30.8(1.8%,1.42%)1.56.09   30.52(-0.46%)29.78-30.59Uptrend Consolidation 30.38(-0.47%)30.3-30.6170
22Aug_19_2020-0.4%-25.5% 1%,0.6(-0)1.8%,1(-0.1)0.1%,00.6-0.03%1.4%1.40.60.7(1.77%,1.61%)1.63.77   30.66(0.2%)30.41-30.82Uptrend Consolidation 30.46(-0.64%)30.36-30.7773
23Aug_18_2020-0.6%-25.9% 1.1%,0.7(0)2%,1.2(0.1)0.5%,0.30.6-0.1%1.4%1.4-0.10.4(1.67%,1.55%)1.65.59   30.6(-0.55%)30.39-30.83Uptrend 30.68(0.27%)30.46-30.7861
24Aug_17_20200%-26.6% 1.1%,0.7(0)1.9%,1.1(0.2)0.4%,0.3-0.30.19%1.3%1.90.70.2(1.64%,1.18%)1.84.3   30.77(1.45%)30.22-30.85Growing Uptrend 30.85(0.27%)30.58-30.9265
25Aug_14_2020-0.8%-41.4% 1.1%,0.7(0)1.6%,1(0.2)0.3%,0.2-00.2%1.1%1.2-0.5-0.3(1.55%,1.33%)1.83.79   30.33(-0.23%)30.02-30.42Growing Uptrend 30.4(0.24%)30.22-30.4556
iDateTo High-Lowema20
Trend
ema10
Trend
ema5
Trend
Hourly
Trend
Last
Hour
EMA
Ratio
BBVRVRVTVIXCDVolume
millions
Close  5 Day
Target  
Trend
Narrative
  5 Day
Price Change  
SRIRSI
 
 
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