United States Oil Fund, LP USO
Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
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About
United States Oil Fund, LP (USO) Investment Strategy and Portfolio Holdings Overview
USO invests primarily in futures contracts for light, sweet crude oil, other types of crude oil, diesel-heating oil, gasoline, natural gas, and other petroleum-based fuels.
Key Insights
United States Oil Fund, LP (USO) Essential ETF Metrics and Performance Data
Average Daily Volume
9,305,578 Shares52-Week Range
$65.96-$154.08Total Outstanding Shares
13.72 Million SharesCurrent Dividend
No dividendIPO Date
April 10, 2006SIC Description
Commodity Contracts Brokers & DealersHeadquarters
1850 Mt. Diablo Blvd., Walnut Creek, CA, 94596Website
http://www.unitedstatesoilfund.com