USL Forecast and Technical Stock Analysis
Buy candidate since 2019-09-16 PDF
USCommodity 12 Month Oil ETF gained 8.31% in the last trading day ( Monday, 16th Sep 2019 ), rising from $20.49 to $22.19 During the day the stock fluctuated 3.29% from a day low at $21.78 to a day high of $22.50. The price has fallen in 6 of the last 10 days , but is still up by 9.04% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 187 595 more shares were traded than the day before. In total, 191 981 shares bought and sold for approximately $4.26 million.
- 30 day high of the USL stock price was $22.50 and low was $19.73.
- 90 day high was $22.68 and low was $19.16.
- 52 week high for USCommodity 12 Month Oil ETF - $28.54 and low - $17.05.
USCommodity 12 Month Oil ETF has broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction there will be support on the roof on the current trend broken, which is $21.82, a level that may pose a second chance to hit a runner. According to fan-theory $24.45 will be the next possible trendtop level and thereby pose a resistance level which may not be broken on the first attempt.
Only positive signals in the chart today. USCommodity 12 Month Oil ETF 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 $21.13 and $20.70. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday September 13, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 69 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
USCommodity 12 Month Oil ETF finds support from accumulated volume at $21.20.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.72 (3.29%) between high and low. For the last week, the stock has had daily average volatility of 2.29%.
Our recommended stop-loss: $21.34 (-3.84%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)
2.29 %Average volatility
Very Low Low Medium High Very High
USCommodity 12 Month Oil ETF holds several positive signals and the break up from the falling trend indicates a possible shift of trend as well. The trend doesn't have to go from falling to rising, it may as well go horizontal or even just decrease the earlier fall rate, but we find the risk-reward to be attractive and expect the stock to perform very well in the short term period. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Strong Buy Candidate.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!