Top 10 Books about Stock Investing to read in 2018. Read more.

USO - United States Oil

Fri 16'th Feb 2018

PERIOD 2017-11-17 - 2018-02-16
CHANGE 0.41%
PRICE $12.38
VOLUME
Sell
TREND
Buy

MV LONG
Sell

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

0.00%

United States Oil Stock Analysis

Technical stock analysis for Fri 16'th Feb 2018

Shorts 3.73% ( 2013-01-15 )
Cash n/a
Loans n/a
Beta 1.05
ROA n/a
Sell candidate since 2018-02-16

United States Oil gained 0.41% in the last trading day, rising from $12.33 to $12.38, and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has fallen in 6 of the last 10 days and is down by -5.06% for this period. Volume fell in the last day by -2.18 million shares, and in total, 17.06 million shares bought and sold for approximately $211.22 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Access today's Top 5 Sell Candidates

Trend

United States Oil lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 13% during the next 3 months and, with 90% probability hold a price between $13.55 and $15.40 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

A buy signal was issued from a pivot bottom point on Friday February 09, 2018, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. United States Oil holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $12.58. On a fall, the stock will find some support from the short-term average at $12.09. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

RSI14 is 35 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

United States Oil finds support from accumulated volume at $12.37. On the upside the stock meets some resistance just above today's level from accumulated volume at $12.70, $12.90 and $13.24.

The stock is about to test the resistance from accumulated volume at $12.70 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $12.37 Price: $12.38 Resistance: $12.70

Risk

This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.22 between high and low, or 1.80%. For the last week, the stock has had a daily average volatility of 2.66%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

Evaluation

United States Oil holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.

Trade USO CFDs with Plus500

Your capital is at risk.

Important: Plus500 doesn't offer signals and it is a CFD service.
Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909).

START FREE 5-DAY TRIAL