Stock Trend Analysis Report
Prepared for you on Friday, December 1, 2023.
United States Oil Fund (PACF:USO)
Countertrend Down (-85) - USO is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid USO?
MarketClub looks at technical strength and momentum to determine if the timing is right for USO.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USO
The long-term trend has been DOWN since Nov 8th, 2023 at 70.43
The intermediate-term trend has been DOWN since Oct 4th, 2023 at 78.14
The short-term trend has been UP since Nov 29th, 2023 at 71.86
Smart Scan Analysis for USO
Based on our trend formula, USO is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Year High||16.24||Year High Date||2018-10-03|
|Year Low||10.6||Year Low Date||2018-11-28|
|52wk High||83.29||52wk High Date||2023-09-27|
|52wk Low||57.83||52wk Low Date||2023-03-17|
|Year End Close||33.37||Average Volume||4,362,063|