TEXAS OIL INDEX ETF (OILT) Stock Technical Analysis
NYSEARCA:OILT - NYSE Arca - US88224A3005 - ETF - Currency: USD
Taking everything into account, OILT scores 3 out of 10 in our technical rating. In the past year, OILT 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.
Although the technical rating is bad, OILT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 22.91. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 22.39, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
21.49
When analyzing the support we notice one important area.
- A support zone ranging from 21.71 to 22.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 22.91 to 22.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 23.77 to 23.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @25.04 from a trend line in the weekly time frame.
- Resistance @27.48 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 OILT is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OILT is neutral. |
| ChartMill Relative Strength | 22.78 | NEGATIVE | OILT has a low relative strength, it was outperformed by 77.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OILT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OILT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of OILT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.28 | NEUTRAL | The RSI value for OILT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests OILT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 30.75 | NEUTRAL | The Stochastics value for OILT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.7 | LOW VOLATILITY | The low ATR as a percentage value for OILT suggests low volalility. |
| Average Directional Index/ADX (14) | 15.16 | NEGATIVE | The low ADX value for OILT suggests a weak or negative trend. |
NYSEARCA:OILT (7/23/2025, 6:30:00 PM)
22.6023
+0.4 (+1.8%)