USOI stock forecast Credit Suisse X-Links Crude Oil Shares Covered Call ETN
Credit Suisse X-Links Crude Oil Shares Covered Call ETN Forecast and Stock Analysis
Technical USOI stock analysis for Friday May 17, 2019.
|Price to book||n/a|
|Next Earnings Date||n/a|
Credit Suisse X-Links Crude Oil Shares Covered Call ETN gained 0.35% in the last trading day ( Friday, 17th May 2019 ), rising from $23.71 to $23.79 , and has now gained 5 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 day the stock fluctuated 0.12% from a day low at $23.76 to a day high of $23.79. The price has risen in 6 of the last 10 days and is up by 1.24% over the past 2 weeks. Volume fell in the last day by -113 shares, and in total, 406 shares bought and sold for approximately $9 658.74. 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 USOI stock price was $24.75 and low was $23.02.
- 90 day high was $24.87 and low was $21.65.
- 52 week high for the Credit Suisse X-Links Crude Oil Shares Covered Call ETN - $33.00 and low - $18.35.
Credit Suisse X-Links Crude Oil Shares Covered Call ETN 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 stock is expected to rise 8.86% during the next 3 months and, with 90% probability hold a price between $25.42 and $27.74 at the end of this period.
A buy signal was issued from a pivot bottom point on Monday May 13, 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. Credit Suisse X-Links Crude Oil Shares Covered Call ETN holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $23.94. On a fall, the stock will find some support from the short-term average at $23.54. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. 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)
RSI14 is 42 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $22.30 and $22.04.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Credit Suisse X-Links Crude Oil Shares Covered Call ETN finds support just below today's level at $22.30. If this is broken, then the next support from accumulated volume will be at $22.04 and $21.80.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
1.29 %Average volatility
Very Low Low Medium High Very High
Credit Suisse X-Links Crude Oil Shares Covered Call ETN holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
|Golden Star Signal|
Get competitive edge
The 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 a very good return. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!
Get access to Golden Star list now
From Our Blog
- Trading With Moving Average
- Pivot Points
- Accumulated Volume - Support and Resistance
- Volume - The Indicator You Really Need to Know
- We Give Back!
- Better Buy: Amazon vs. Facebook
- Better Buy: Apple vs. Microsoft
- Relative Strength Index (RSI)
- How to Lose Money When Trading: Part 2
- How to Lose Money When Trading: A Trader is Born
- Our 2017 Christmas Donation
- The Golden Star
- Announcing Partnership With CityFALCON
- Why correct moving average matters
- NASDAQ down -4.17%. Our portfolio is up +8.56%
- New Feature Added: Golden Star Signal
- Pick a Winner With StockInvest.us