Overall OILT gets a technical rating of 3 out of 10. In the last year, OILT was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
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 support zone below the current price at 22.43, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
21.36
We found 2 important support areas.
- A support zone ranging from 22.35 to 22.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 21.58 to 21.71. This zone is formed by a combination of multiple trend lines in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 24.03 to 24.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @24.82 from a horizontal line in the daily 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 | 31.43 | NEUTRAL | OILT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OILT is below a declining 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) | UP | POSITIVE | The current price of OILT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.27 | 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) | 30.5 | NEUTRAL | The Stochastics value for OILT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.49 | LOW VOLATILITY | The low ATR as a percentage value for OILT suggests low volalility. |
| Average Directional Index/ADX (14) | 12.95 | NEGATIVE | The low ADX value for OILT suggests a weak or negative trend. |
NYSEARCA:OILT (12/31/2025, 8:22:14 PM)
22.9857
-0.15 (-0.64%)
TEXAS OIL INDEX ETF / OILT FAQ
What is the technical rating for OILT stock?
ChartMill assigns a technical rating of 3 / 10 to OILT.
What is the current trend direction of TEXAS OIL INDEX ETF (OILT) stock?
The current trend direction for TEXAS OIL INDEX ETF (OILT) is Bearish.
Can you provide the RSI signal for TEXAS OIL INDEX ETF?
TEXAS OIL INDEX ETF (OILT) has an RSI value of 48.2727. This indicates that the stock is currently neutral.
What is the support and resistance level for OILT stock?
TEXAS OIL INDEX ETF (OILT) has a support level at 22.43 and a resistance level at 24.03. Check the full technical report for our detailed analysis of OILT support and resistance levels.