USL Forecast and Technical Stock Analysis
Hold candidate since 2019-07-22 Gain 1.13%
USCommodity 12 Month Oil ETF gained 1.13% in the last trading day ( Tuesday, 23rd Jul 2019 ), rising from $21.28 to $21.52 , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 1.72% from a day low at $21.16 to a day high of $21.52. The price has been going up and down for this period, and there has been a -1.24% loss for the last 2 weeks. Volume fell in the last day by -5 567 shares and in total, 3 065 shares bought and sold for approximately $65 958.80. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the USL stock price was $22.68 and low was $20.71.
- 90 day high was $24.42 and low was $19.18.
- 52 week high for USCommodity 12 Month Oil ETF - $28.54 and low - $17.05.
USCommodity 12 Month Oil ETF lies the upper part of a wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $22.26 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -9.40% during the next 3 months and, with 90% probability hold a price between $16.56 and $20.16 at the end of this period.
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 $21.47 and $21.13. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday July 18, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 54 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.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stop-loss: $20.50 (-4.76%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 3 days ago.)
1.88 %Average volatility
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