PROS K-1 FREE CR OIL ETF-USD (OILK) Stock Technical Analysis
USA - NYSEARCA:OILK - US74347G8042 - ETF
39.47 USD
-0.41 (-1.03%)
39.6 USD
+0.13 (+0.33%)
Overall OILK gets a technical rating of 0 out of 10. OILK scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
81% of all other stocks performed better in the past year than OILK.
In the last month OILK has a been trading in the 39.02 - 42.07 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
OILK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so OILK is lagging the market.
OILK has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
38.91
46.19
When analyzing the support we notice one important area.
- Support @39.30 from a trend line in the daily time frame.
We can see 6 important resistance areas.
- A resistance zone ranging from 39.65 to 40.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 41.18 to 41.72. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 42.74 to 42.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @43.83 from a horizontal line in the daily time frame.
- A resistance zone ranging from 44.70 to 44.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @45.73 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for OILK is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for OILK is down. |
| ChartMill Relative Strength | 19.3 | NEGATIVE | OILK has a low relative strength, it was outperformed by 80.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OILK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of OILK is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of OILK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.46 | NEUTRAL | The RSI value for OILK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests OILK has a negative trend. |
| Stochastics (14,3) | 22.87 | NEUTRAL | The Stochastics value for OILK is a neutral value. |
| Average True Range in percent/ATR (20) | 1.51 | LOW VOLATILITY | The low ATR as a percentage value for OILK suggests low volalility. |
| Average Directional Index/ADX (14) | 11.33 | NEGATIVE | The low ADX value for OILK suggests a weak or negative trend. |
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)
39.47
-0.41 (-1.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.03%
1 Week0.79%
2 Weeks-4.82%
1 Month-1.55%
3 Month-5.46%
6 Month3.49%
12 Month-13.68%
2 Year-15.64%
3 Year-12.89%
5 Year22.08%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.6
ATR(20)%1.51%
ATR Inc-15.4%
Range Today0.69
ADR(20)0.44
ADR(20)%1.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.3
Mansfield-1.55
10 Day High42.07
10 Day Low39.02
20 Day High42.07
20 Day Low39.02
52 Week High47.4
52 Week Low35.5
CS1 End39.3
CR1 Start39.65
Volume & EV
DER(3)-1.5%
DER(5)-1.7%
Volume21.77K
Volume Incr-36.25%
Vol(5)32.51K
Vol(50)47.48K