iPath Pure Beta Crude Oil (OIL) Stock Technical Analysis
NYSEARCA:OIL - NYSE Arca - US06740P2213 - ETF - Currency: USD
Taking everything into account, OIL scores 2 out of 10 in our technical rating. In the past year, OIL was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, OIL is a bad performer in the overall market: 82% of all stocks are doing better.
OIL is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so OIL is lagging the market.
In the last month OIL has a been trading in the 26.45 - 28.80 range, which is quite wide. It is currently trading near the high of this range.
OIL has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
25.38
31.68
When analyzing the support we can see 4 important areas.
- Support @28.21 from a horizontal line in the daily time frame.
- A support zone ranging from 27.66 to 27.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 26.29 to 26.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 25.64 to 25.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @29.90 from a trend line in the weekly time frame.
- A resistance zone ranging from 30.64 to 31.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.78
Mansfield-1.32
10 Day High28.46
10 Day Low26.45
20 Day High28.8
20 Day Low26.45
52 Week High39.69
52 Week Low25.31
Performance
1 Week4.14%
2 Weeks-0.53%
1 Month1.27%
3 Month-2.6%
6 Month4.37%
12 Month-26.56%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.12
RSI(14)53.74
LBB26.8
UBB28.91
NYSEARCA:OIL (6/8/2023, 8:04:01 PM)
28.42
+0.27 (+0.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.96%
1 Week4.14%
2 Weeks-0.53%
1 Month1.27%
3 Month-2.6%
6 Month4.37%
12 Month-26.56%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.69
ATR(20)%2.41%
ATR Inc-34.13%
Range Today0.41
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.78
Mansfield-1.32
10 Day High28.46
10 Day Low26.45
20 Day High28.8
20 Day Low26.45
52 Week High39.69
52 Week Low25.31
CS1 End28.21
CR1 Start29.9
Volume & EV
DER(3)-1.84%
DER(5)-0.71%
Volume10.30K
Volume Incr-10.23%
Vol(5)38.76K
Vol(50)42.49K