IQ Global Oil Small Cap ETF (IOIL) Stock Technical Analysis
USA - NYSEARCA:IOIL -
Overall IOIL gets a technical rating of 0 out of 10. IOIL's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
IOIL has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 10.39, a Stop Loss order could be placed below this zone.
More info and screens
9.25
2 important support areas can be observed.
- A support zone ranging from 10.08 to 10.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.34 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 10.42 to 10.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 10.64 to 10.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @12.02 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for IOIL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for IOIL is down. |
| ChartMill Relative Strength | 23.33 | NEGATIVE | IOIL has a low relative strength, it was outperformed by 76.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of IOIL is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of IOIL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of IOIL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.5 | NEUTRAL | The RSI value for IOIL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests IOIL has a positive trend. |
| Stochastics (14,3) | 64.66 | NEUTRAL | The Stochastics value for IOIL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.34 | MEDIUM VOLATILITY | The ATR as a percentage value for IOIL suggests some volalility. |
NYSEARCA:IOIL (3/16/2018, 8:23:30 PM)
10.395
-0.04 (-0.43%)
IQ Global Oil Small Cap ETF / IOIL FAQ
What is the ChartMill technical rating of IQ Global Oil Small Cap ETF (IOIL) stock?
ChartMill assigns a technical rating of 0 / 10 to IOIL.
What is the trend direction for IOIL stock?
The current trend direction for IQ Global Oil Small Cap ETF (IOIL) is Bearish.
Can you provide the RSI signal for IQ Global Oil Small Cap ETF?
IQ Global Oil Small Cap ETF (IOIL) has an RSI value of 44.4966. This indicates that the stock is currently neutral.
What is the MACD signal for IOIL stock?
The MACD indicator for IQ Global Oil Small Cap ETF (IOIL) has a value of 0.0401073, indicating a bearish trend.
What is the short term momentum for IQ Global Oil Small Cap ETF (IOIL) stock?
The short term momentum for IQ Global Oil Small Cap ETF (IOIL) is negative.