USOI UBS ETRACS Crude Oil Shares Cov Cll ETN Forecast, Technical & Fundamental Analysis

USOI's MACD Histogram just turned positive

The Moving Average Convergence Divergence (MACD) for USOI turned positive on December 11, 2024. Looking at past instances where USOI's MACD turned positive, the stock continued to rise in of 53 cases over the following month. The odds of a continued upward trend are .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on December 10, 2024. You may want to consider a long position or call options on USOI as a result. In of 81 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

USOI moved above its 50-day moving average on December 10, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for USOI crossed bullishly above the 50-day moving average on December 11, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 13 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 USOI advanced for three days, in of 344 cases, the price rose further within the following month. The odds of a continued upward trend are .

USOI may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In of 376 cases where USOI Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

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