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USO - United States Oil

Fri 13'th Apr 2018

PERIOD 2018-01-16 - 2018-04-13
CHANGE 0.22%
PRICE $13.55
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

0.00%

United States Oil Stock Analysis

Technical stock analysis for Fri 13'th Apr 2018

Buy candidate since 2018-04-10 Gain 2.26%

United States Oil gained 0.22% in the last trading day, rising from $13.52 to $13.55, and has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. The price has risen in 8 of the last 10 days and is up by 3.51% over the past 2 weeks. Volume fell in the last day by -0.66 million shares, and in total, 14.16 million shares bought and sold for approximately $191.84 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.

Shorts 3.73% ( 2013-01-15 )
Cash n/a
Loans n/a
Beta 1.05
ROA n/a

Trend

United States Oil has broken the wide and weak rising the short-term trend up and an even stronger rising rate is indicated. For any reaction back there will now be support on the roof on the current trend broken at $13.49, a level that may pose a second chance to hit a runner. According to fan-theory $14.91 will be the next possible trend-top level and thereby pose a resistance level which may not be broken at the first attempt.

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Signals

Only positive signals in the chart today. United States Oil holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $13.13 and $12.76. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday April 06, 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.

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Relative Strength Index (RSI)

RSI14 is 56 and the stock is currently not being overbought or oversold

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Support & Resistance

United States Oil finds support from accumulated volume at $13.24. There is no resistance from accumulated volume above today's level and given the right condition the stock may perform very well during the next couple of days.

Support: $13.24 Price: $13.55

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.14 (1.04%) between high and low. For the last week, the stock has had a daily average volatility of 1.72%.

Since the United States Oil has been rising for 6 days in a row, the risk for the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stoploss: $13.05 (-3.68%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 5 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Several short-term signals, along with a general good trend, are positive and the stock has broken the rising trend up, which indicates an even stronger rising rate. We can conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term period. Due to a possible false trend-break a pure Buy Recommendation is held back. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Strong Buy Candidate to a Buy Candidate.

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