USL Forecast and Technical Stock Analysis
Hold candidate since 2019-07-22
USCommodity 12 Month Oil ETF gained 0.01% in the last trading day ( Monday, 22nd Jul 2019 ), rising from $21.28 to $21.28 , and has now gained 3 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 0.73% from a day low at $21.13 to a day high of $21.28. The price has been going up and down for this period, and there has been a -1.3% loss for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 5 015 more shares were traded than the day before. In total, 8 632 shares bought and sold for approximately $183 689.00.
- 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 in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -10.11% during the next 3 months and, with 90% probability hold a price between $16.37 and $20.02 at the end of this period.
USCommodity 12 Month Oil ETF holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $21.61. On a fall, the stock will find some support from the long-term average at approximately $21.09. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. 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. USCommodity 12 Month Oil ETF has rising volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 41 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 $0.15 (0.73%) between high and low. For the last week, the stock has had daily average volatility of 2.44%.
Our recommended stop-loss: $20.03 (-5.88%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 2 days ago.)
2.44 %Average volatility
Very Low Low Medium High Very High
USCommodity 12 Month Oil ETF holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level, we recommend to hold or accumulate in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.
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