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     Fri. Nov. 27, 2020



Trading Signals: USO Stock Price Prediction and Forecast (Mon. Apr. 10, 2006 - Fri. Nov. 27, 2020)

(United States Oil)

USO latest price $31.2200 (-0.48%) ($31.0300 - $31.3600) on Fri. Nov. 27, 2020.

Trend and Trading Plan

Trend Narrative  Relative Overbought
Intraday Reversal Probability  N/A.
Daily Trend  USO advances 1.4% a day on average for past five trading days.
Weekly Trend  USO advances 4% a week on average for past two weeks.
Market Behavior  Growth stock rally for large cap. Growth stock rally for small cap.
Correlated ETFs  Broad market will support USO advance at 1.9% a week (71% probability)
  XOP(61%)    XLE(60%)    OIH(58%)    VYM(53%)    DIA(52%)  
Factors Impacting USO price  USO will decline at least -1% in a week (24% probabilities).
  VIXM(-30%)    VXX(-26%)    BNDX(-24%)    TLT(-20%)    FEX(-19%)  
Explanation   The rally is not sustainable and not supported by the broad market.
Trading Plan  There're alternative trades for stronger advance
 
Valuation to SPY   2
 
Relative Volatility   2.2 (options are extremely expensive)
 
Hourly BBV   0.7
Hourly Trend   1.96% [$31.26(0.31), $30.66(0.51)]
Last Hour Trend   0.13% [$31.2, $31.16]


USO Next 1 - 5 Day Price Forecast

Bullish Probability  67%
Bullish Price Move  2.5%
Bearish Probability  33%
Bearish Price Move  -2.5%
Recommended Position Size  14%
Latest Price  $31.2200
Next Hour Price  $31.3(0.26%)
1 - 3 Day Target Price  $31.39(0.54%)
1 - 5 Day Possible Target  $32.87(5.29%)
1 - 5 Day Price Range  $29.54 - $32.9
Support Level  $28.6
5 Day Moving Average  $30.44(2.56%)
10 Day Moving Average  $29.67(5.22%)
20 Day Moving Average  $28.6(9.16%)
To recent high  -0.5%
To recent low  23.6%
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 5.52% (three month std-dev: 2.47%    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
BBVHourly
BBV
RVVSIVVIXCDVolume
millions
CloseActualPriceRangeTrend-Narrative  NextDay
PriceTarget  
NextDayPriceRangeRSI
1Nov_27_2020-0.5%-23.6% 3.3%,0.6(0.2)4%,0.7(0)1.4%,0.31.20.13%3.7%1.70.722.2NAN%1.22.9   31.22(-0.48%)31.03-31.36Relative Overbought 31.39(0.54%)29.54-32.985
2Nov_25_20200%-24.2% 2.5%,0.4(0.1)3.7%,0.7(0.1)1.6%,0.31.5-0.35%3.8%1.91.32.62.32.16%1.45.86   31.37(1.85%)31.02-31.68Uptrend 31.91(1.73%)30.71-32.4377
3Nov_24_2020-0.4%-22% 1.7%,0.3(0.1)3.4%,0.7(-0)1.3%,0.31.2-0.06%3.9%22.32.321.85%1.59.09   30.8(4.34%)30.21-31.03Uptrend 31.17(1.19%)30.22-31.5772
4Nov_23_2020-4.6%-16.9% 1.1%,0.2(0.1)3.4%,0.8(-0.1)0.5%,0.10.30%3.8%1.331.51.92.02%1.34.37   29.52(0.85%)29.41-29.72Uptrend 29.84(1.09%)29.18-30.1371
5Nov_20_2020-5.4%-15.9% 0.8%,0.2(0.1)3.8%,0.9(-0)0.8%,0.20.30.27%3.7%1.20.51.11.81.69%1.44.9   29.27(0.62%)28.92-29.36Uptrend 29.63(1.23%)28.98-29.9173
 
6Nov_19_2020-5.9%-15.2% 0.4%,0.1(0)3.9%,0.9(-0.1)0.3%,0.10.30.41%3.1%1.20.50.51.81.89%1.72.92   29.09(0.31%)28.75-29.14Uptrend Consolidation 28.77(-1.11%)28.54-29.4677
7Nov_18_2020-6.2%-14.9% 0.2%,0.1(0)4.4%,1.1(-0.1)-0%,-00.3-0.31%2.6%1.20.30.61.71.82%1.94.1   29(0.45%)28.96-29.36Uptrend Consolidation 28.64(-1.24%)28.4-29.3672
8Nov_17_2020-6.7%-14.3% 0.1%,0(-0)4.9%,1.2(0)-0%,-00.30.42%2.2%1.10.4-0.11.71.67%1.83.61   28.87(0.21%)28.48-29.02N/A 29(0.45%)28.06-29.7665
9Nov_16_2020-6.9%-14.1% 0.2%,0.1(0)4.7%,1.2(0.1)0.5%,0.1-0.60.07%1.5%1.10.5-0.41.71.63%1.94.56   28.81(2.42%)28.66-29.17N/A 28.99(0.61%)28.01-29.7855
10Nov_13_2020-9.1%-11.4% 0.1%,0(0.1)4.3%,1(0.4)1.2%,0.3-0.6-0.21%0.7%0.5-0.4-0.91.72.21%1.14.46   28.13(-1.85%)28.06-28.57N/A 28.45(1.13%)27.79-28.9955
 
11Nov_12_2020-7.3%-13.5% -0.2%,-0(0.1)2.8%,0.7(0.4)1.1%,0.30.9-0.7%-0.4%0.90.80.21.82.6%0.76.07   28.66(-1.31%)28.62-29.44Uptrend Reversal 29.04(1.33%)28.72-29.2653
12Nov_11_2020-6.1%-15% -0.5%,-0.1(0.1)1.2%,0.3(0.3)1.2%,0.32.1-0.38%-1.5%1.31.10.31.82.33%1.36.37   29.04(0.45%)28.92-29.75Uptrend Reversal 29.43(1.36%)29.1-29.6651
13Nov_10_2020-6.5%-14.5% -0.8%,-0.2(0.1)-0.1%,-0(0.3)1.6%,0.42.10.24%-2.5%1.21.80.51.72.03%0.76.56   28.91(2.99%)28.47-28.97Rebound 28.16(-2.61%)28.91-27.8352
14Nov_9_2020-9.2%-11.2% -1.2%,-0.3(0.1)-1.4%,-0.4(0.3)1.3%,0.30.3-0.25%-2.9%0.51.2-0.71.72.58%-0.49.81   28.07(6.04%)28.06-28.82Downtrend Consolidation 27.94(-0.45%)27.9-27.9644
15Nov_6_2020-14.4%-4.8% -1.6%,-0.4(-0)-2.7%,-0.7(0.2)0.9%,0.2-0-0.04%-3.3%-0.9-0.6-2.21.82.48%1.95.11   26.47(-2.54%)26.2-26.87Downtrend Consolidation 26.39(-0.31%)26.9-26.2239
 
16Nov_5_2020-12.2%-7.6% -1.4%,-0.3(0)-3.5%,-0.8(0.2)1.2%,0.31.5-0.22%-3.2%-0.40.8-1.81.92.71%0.95.1   27.16(-1.02%)27.08-27.7Downtrend Consolidation 26.96(-0.72%)27.38-26.8241
17Nov_4_2020-11.3%-8.7% -1.5%,-0.4(0.1)-4.3%,-1(0.2)0.9%,0.22.10.04%-3.2%-0.21.1-0.81.82.5%0.55.97   27.44(2.69%)26.69-27.63Downtrend Consolidation 27.16(-1.03%)27.55-27.0341
18Nov_3_2020-13.6%-5.8% -1.7%,-0.4(-0.1)-5.1%,-1.2(-0.1)-0.7%,-0.21.20.04%-3.1%-0.91-11.93.71%-1.67.1   26.72(1.75%)26.45-27.01Growing Downtrend 26.3(-1.59%)25.95-26.9136
19Nov_2_2020-15.1%-4% -1.4%,-0.4(-0)-4.6%,-1.1(-0.1)-0.6%,-0.2-0.60.57%-2.7%-1.4-0.3-11.83.11%-2.55.31   26.26(4%)25.14-26.29Growing Downtrend 25.91(-1.35%)25.57-26.5537
20Oct_30_2020-18.4%-0-1.4%,-0.3(-0)-4.2%,-1(-0.2)-2%,-0.5-2.40.2%-2.1%-2.4-1.5-2.21.83.87%-2.25.42   25.25(-1.37%)24.96-25.4Growing Downtrend 24.95(-1.19%)24.6-25.733
 
21Oct_29_2020-17.2%-0-1.2%,-0.4(-0.1)-3.2%,-0.9(-0.3)-2.1%,-0.6-2.40.35%-1.1%-2.5-1.1-2.41.63.7%-2.48.39   25.6(-2.7%)24.75-25.74Growing Downtrend 25.4(-0.8%)25.12-26.0132
22Oct_28_2020-14.9%-0-0.8%,-0.3(-0.1)-2.2%,-0.8(-0.3)-1.3%,-0.5-1.50.3%-0.3%-2.3-2.2-1.11.32.79%-2.47   26.31(-4.98%)26.09-26.56Growing Downtrend 26.22(-0.33%)26.05-26.6432
23Oct_27_2020-10.5%-5.1% -0.4%,-0.2(-0.1)-1.3%,-0.6(-0.2)-1%,-0.4-2.1-0.14%0.3%-0.8-0.1-0.41.22.78%-0.62.98   27.69(2.14%)27.23-27.95Downtrend 27.6(-0.31%)27.53-27.7946
24Oct_26_2020-12.4%-2.9% -0.2%,-0.1(-0.1)-0.8%,-0.3(-0.3)-1.1%,-0.4-1.50.07%0.6%-1.7-2.1-1.51.22.79%-0.24.63   27.11(-2.76%)26.95-27.46Downtrend 27.1(-0.02%)27.01-27.3242
25Oct_23_2020-9.9%-5.8% 0.1%,0.1(-0)-0.2%,-0.1(-0.5)-0.6%,-0.3-0.6-0.04%0.7%-0.7-1.6-1.21.12.11%0.83.98   27.88(-2.21%)27.78-28.56Range Bound 27.93(0.19%)28.03-27.8552
iDateTo High-Lowema20
Trend
ema10
Trend
ema5
Trend
Hourly
Trend
Last
Hour
EMA
Ratio
BBVHourly
BBV
RVVSIVVIXCDVolume
millions
Close  5 Day
Target  
Trend
Narrative
  5 Day
Price Change  
SRIRSI
 
 
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