USO Stock United States Oil (USO, $72.61) Stochastic Oscillator left the overbought zone on December 19, 2024

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USO - United States Oil

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Odds of DOWN Trend

Price: $72.61

Daily change: -$0.33 (-0.45%)

Daily volume: 2.1M

Net Assets: $1.1B

USO saw its Stochastic Oscillator recovers from the overbought zone

The Stochastic Oscillator for USO moved out of overbought territory on December 19, 2024. This could be a bearish sign for the stock and investors may want to consider selling or taking a defensive position. A.I.dvisor looked at 65 similar instances where the indicator exited the overbought zone. In of the 65 cases the stock moved lower. This puts the odds of a downward move at .

Technical Analysis (Indicators)

Bearish Trend Analysis

Following a 3-day decline, the stock is projected to fall further. Considering past instances where USO declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

USO broke above its upper Bollinger Band on December 13, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on December 11, 2024. You may want to consider a long position or call options on USO as a result. In of 79 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for USO just turned positive on December 11, 2024. Looking at past instances where USO's MACD turned positive, the stock continued to rise in of 52 cases over the following month. The odds of a continued upward trend are .

USO moved above its 50-day moving average on December 20, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for USO crossed bullishly above the 50-day moving average on December 20, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where USO advanced for three days, in of 351 cases, the price rose further within the following month. The odds of a continued upward trend are .