(USOI) Investment Analysis and Advice

October 14, 2024, 10:56 am ET, BY James G.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for USOI

• Buy USOI near 64.68 target 69.08 stop loss @ 64.49 Details

The technical summary data tells us to buy USOI near 64.68 with an upside target of 69.08. This data also tells us to set a stop loss @ 64.49 to protect against excessive loss in case the stock begins to move against the trade. 64.68 is the first level of support below 67.4 , and by rule, any test of support is a buy signal. In this case, support 64.68 would be being tested, so a buy signal would exist.

• Short USOI slightly under 69.08, target 64.68, stop loss @ 69.28 Details

The technical summary data is suggesting a short of USOI as it gets near 69.08 with a downside target of 64.68. We should have a stop loss in place at 69.28though. 69.08 is the first level of resistance above 67.4, and by rule, any test of resistance is a short signal. In this case, if resistance 69.08 is being tested, so a short signal would exist.

Swing Trading Plans for USOI

• Buy USOI slightly over 67.83, target 69.08, Stop Loss @ 67.63 Details

If 67.83 begins to break higher, the technical summary data tells us to buy USOI just slightly over 67.83, with an upside target of 69.08. The data also tells us to set a stop loss @ 67.63 in case the stock turns against the trade. 67.83 is the first level of resistance above 67.4, and by rule, any break above resistance is a buy signal. In this case, 67.83, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short USOI slightly near 67.83, target 64.68, Stop Loss @ 68.03. Details

The technical summary data is suggesting a short of USOI if it tests 67.83 with a downside target of 64.68. We should have a stop loss in place at 68.03 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 67.83, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for USOI

• Buy USOI slightly over 67.83, target 68.08, Stop Loss @ 67.67 Details

If 67.83 begins to break higher, the technical summary data tells us to buy USOI just slightly over 67.83, with an upside target of 68.08. The data also tells us to set a stop loss @ 67.67 in case the stock turns against the trade. 67.83 is the first level of resistance above 67.4, and by rule, any break above resistance is a buy signal. In this case, 67.83, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short USOI slightly near 67.83, target 66.95, Stop Loss @ 67.99. Details

The technical summary data is suggesting a short of USOI if it tests 67.83 with a downside target of 66.95. We should have a stop loss in place at 67.99 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 67.83, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Credit Suisse X-links Crude Oil Call Etn Iopv (USOI) available here: USOI.

USOI Ratings for October 14:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Neutral
P1	0	0	64.68
P2	66.95	67.83	69.08
P3	68.08	69.44	72.96

AI Generated Signals for USOI

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Prudent Investment Analysis requires observations of the support and resistance levels for Credit Suisse X-links Crude Oil Call Etn Iopv (NASDAQ: USOI) too.  These define prudent trading plans.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for USOI change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if USOI is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for USOI too.  All of these are offered below the Summary Table.