Credit Suisse X-Links Crude Oil Shares ETF Forecast

$77.15
+0.83 (+1.09%)
At Close: Mar 28, 2024
RSI low/high Values: [ 25 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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Credit Suisse X-Links Crude Oil Shares ETF price up 1.09% on Thursday
(Updated on Mar 28, 2024)

Buy or Hold candidate since Feb 26, 2024 Gain 4.62% PDF

The Credit Suisse X-Links Crude Oil Shares ETF price gained 1.09% on the last trading day (Thursday, 28th Mar 2024), rising from $76.32 to $77.15. During the last trading day the ETF fluctuated 0.83% from a day low at $76.67 to a day high of $77.30. The price has risen in 6 of the last 10 days and is up by 0.59% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 30 thousand shares were bought and sold for approximately $2.31 million.

The ETF lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 9.40% during the next 3 months and, with a 90% probability hold a price between $81.95 and $86.08 at the end of this 3-month period.

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USOI Signals & Forecast

The Credit Suisse X-Links Crude Oil Shares ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $76.10 and $74.99. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, March 18, 2024, and so far it has fallen -0.84%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Credit Suisse X-Links Crude Oil Shares ETF

Credit Suisse X-Links Crude Oil Shares finds support from accumulated volume at $75.74 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0.635 between high and low, or 0.83%. For the last week the ETF has had daily average volatility of 0.644%.

Our recommended stop-loss: $74.16 (-3.88%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 8 days ago.)

Trading Expectations (USOI) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Credit Suisse X-Links Crude Oil Shares Covered Call ETN to open at $77.04, and during the day (based on 14 day Average True Range), to move between $76.26 and $78.04, which gives a possible trading interval of +/-$0.89 (+/-1.15%) up or down from last closing price. If Credit Suisse X-Links Crude Oil Shares Covered Call ETN takes out the full calculated possible swing range there will be an estimated 2.30% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $77.80 (0.84%) than the support at $75.74 (1.83%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Credit Suisse X-Links Crude Oil Shares Covered Call ETN ETF A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Credit Suisse X-Links Crude Oil Shares ETF to perform well in the short-term.

Current score: 3.137 Buy Candidate Unchanged

Predicted Opening Price for Credit Suisse X-Links Crude Oil Shares Covered Call ETN of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$77.04 ( 0.145%) $77.15

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for USOI

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 77.67 0.678 %
R2 77.43 0.364 %
R1 77.28 0.170 %
Current price: 77.15
Support S1 76.80 -0.459 %
S2 76.65 -0.653 %
S3 76.40 -0.97 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 77.80 0.84 %
Current price 77.15
Support S1 75.74 -1.83%
S2 73.74 -4.42%
S3 69.58 -9.81%

USOI Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 06, 2024 Mar 19, 2024 Mar 25, 2024 $1.71 2.24%
2 Feb 20, 2024 Feb 20, 2024 Feb 26, 2024 $1.54 2.09%
3 Jan 05, 2024 Jan 19, 2024 Jan 25, 2024 $0.84 1.15%
4 Dec 05, 2023 Dec 19, 2023 Dec 27, 2023 $0.767 1.07%
5 Nov 03, 2023 Nov 20, 2023 Nov 27, 2023 $1.86 2.53%

FAQ

What is the symbol for Credit Suisse X-Links Crude Oil Shares Covered Call ETN ETF and on which exchange is it traded?
The symbol for Credit Suisse X-Links Crude Oil Shares Covered Call ETN is USOI and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Credit Suisse X-Links Crude Oil Shares Covered Call ETN ETF?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Credit Suisse X-Links Crude Oil Shares ETF to perform well in the short-term.

How to buy Credit Suisse X-Links Crude Oil Shares Covered Call ETN ETF?
Credit Suisse X-Links Crude Oil Shares Covered Call ETN ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Credit Suisse X-Links Crude Oil Shares Covered Call ETN ETF.

What's the current price of Credit Suisse X-Links Crude Oil Shares Covered Call ETN ETF?
As of the end of day on the 2024-03-28, the price of an Credit Suisse X-Links Crude Oil Shares Covered Call ETN (USOI) share was $77.15.

What is the 52-week high and low for Credit Suisse X-Links Crude Oil Shares Covered Call ETN ETF?
The 52-week high for Credit Suisse X-Links Crude Oil Shares Covered Call ETN ETF is $85.49 and the 52-week low is $67.55.

What is the market capitalization of Credit Suisse X-Links Crude Oil Shares Covered Call ETN ETF?
As of the 2024-03-28, the market capitalization of Credit Suisse X-Links Crude Oil Shares Covered Call ETN is 340.279M.
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