USOI Forecast and Technical Stock Analysis
Hold candidate since 2019-09-17 Loss -0.14% PDF
Credit Suisse X-Links Crude Oil Shares Covered Call ETN fell by -0.14% in the last day ( Wednesday, 18th Sep 2019 ) from $20.73 to $20.70 and has now fallen 3 days in a row. During the day the stock fluctuated 1.14% from a day low at $20.65 to a day high of $20.89. The price has fallen in 6 of the last 10 days , but is still up by 1.75% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -6 338 shares and in total 1 029 shares bought and sold for approximately $21 300.30.
- 30 day high of the USOI stock price was $21.83 and low was $18.99.
- 90 day high was $22.17 and low was $18.34.
- 52 week high for Credit Suisse X-Links Crude Oil Shares Covered Call ETN - $30.61 and low - $18.34.
Credit Suisse X-Links Crude Oil Shares Covered Call ETN 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 -5.35% during the next 3 months and, with 90% probability hold a price between $17.07 and $20.26 at the end of this period.
Credit Suisse X-Links Crude Oil Shares Covered Call ETN 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 $20.53 and $20.10. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Monday September 16, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSImin/max Values: [ 20 - 75 ]
RSI14 is 56 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
Credit Suisse X-Links Crude Oil Shares Covered Call ETN finds support from accumulated volume at $20.10.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stop-loss: $19.58 (-5.42%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 2 day(s) ago.)
4.36 %Average volatility
Very Low Low Medium High Very High
Credit Suisse X-Links Crude Oil Shares Covered Call ETN 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.
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!