USL Stock Summary and Trading Ideas (United States 12 Month Oil | ARCA:USL)

The investment objective of USL is to have the changes in percentage terms of the units net asset value reflect the changes in percentage terms of the price of light sweet crude oil delivered to Cushing Oklahoma as measured by the changes in the average of the prices of 12 Futures Contracts on crude oil traded on the New York Mercantile Exchange (the Benchmark Futures Contracts) consisting of the near month contract to expire and the contracts for the following eleven months for a total of 12 consecutive months contracts except when the near month contract is within two weeks of expiration in which case it will be measured by the futures contracts that are the next month contract to expire and the contracts for the following eleven consecutive months less USLs expenses. When calculating the daily movement of the average price of the 12 contracts each contract month will be equally weighted.

United States 12 Month Oil trades on the ARCA stock market under the symbol USL.

As of April 18, 2024, USL stock price declined to $40.17 with 5,421 million shares trading.

USL has a market cap of $64.28 million. This is considered a Micro Cap stock.

In the last 3 years, USL stock traded as high as $45.45 and as low as $21.55.

USL stock has underperformed the market in the last year with a return of +12.2%, while SPY returned +22.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in USL shares. However, USL has outperformed the market in the last 3 month and 2 week periods, returning +13.2% and -1.8%, while SPY returned +6.1% and -3.8%, respectively. This indicates USL has been having a stronger performance recently.

USL support price is $39.90 and resistance is $40.79 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that USL stock will trade within this expected range on the day.