Index Trend Analysis Report
Prepared for you on Thursday, June 30, 2022.
Credit Suisse X-Links Crude Oil Shares Covered Call ETN (NASDAQ:USOI)
Countertrend Down (-85) - USOI 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 USOI?
MarketClub looks at technical strength and momentum to determine if the timing is right for USOI.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USOI
The long-term trend has been DOWN since Jun 22nd, 2022 at 5.0920
The intermediate-term trend has been DOWN since Jun 17th, 2022 at 5.5417
The short-term trend has been UP since Jun 27th, 2022 at 5.2071
Smart Scan Analysis for USOI
Based on our trend formula, USOI is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Year High||33||Year High Date||2018-05-21|
|Year Low||20.83||Year Low Date||2018-11-27|
|52wk High||5.8999||52wk High Date||2022-06-14|
|52wk Low||4.52||52wk Low Date||2021-12-02|
|Average Volume||2,537,080||Shares Outstanding||5,340|