Analysis of USO, oil ETF

USO is the best know oil (commodity) ETF.

Long term signals are still bullish:

Short term signals are bearish:




Moving Averages:

• The 20 and 50 day moving averages indicate that USO may be in a bullish trend. This is because the 20 day moving average is above the 50 day moving average.
• USO is trading below its 20 day moving average. However, this moving average is trending higher which shows that there has been buying interest in this stock.

Bollinger Band:

• USO is trading near its lower Bollinger Band. This means that the stock price is cheap relative to the action over the last 20 days.

MACD:

• The MACD is presently offering a bearish signal because it is below the signal line, a 9 day moving average, and less than 0, which means that the underlying moving averages are trending lower.

OBC - On Balance Volume

• The On Balance Volume indicator (OBV) presently offers a bearish signal. This is because the slope of the indicator is negative and shows that there is a lack of buying interest.

Stochastic Oscillator

• The Stochastic Oscillator is registering a weak bullish signal as the %K has crossed above the %D. However, the oscillator is currently below the critical value of 20, identifying USO as oversold. Watch for the oscillator to move above 20 which will increase the bullishness of this signal.

RSI

Daily, Weekly and Monthly values indicate that short term USO is slightly oversold, medium and long term is neutral:

USO

36.81

29.83

41.86

41.85

Volume Rate of Change

• The Volume Rate of Change is not presently giving a clear signal.

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