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TEXAS OIL INDEX ETF (OILT) Stock Technical Analysis

NYSEARCA:OILT - NYSE Arca - US88224A3005 - ETF - Currency: USD

21.129  -0.11 (-0.52%)

Technical Rating and Analysis

1

Taking everything into account, OILT scores 1 out of 10 in our technical rating. OILT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

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, OILT is a bad performer in the overall market: 80% of all stocks are doing better.
Warning: OILT has an average volume of 5258 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
OILT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so OILT is lagging the market slightly.
In the last month OILT has a been trading in the 20.37 - 22.43 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Weekly and Daily overview Charts
TEXAS OIL INDEX ETF / OILT Weekly stock chart
TEXAS OIL INDEX ETF / OILT Daily stock chart
Setup Rating and Analysis

4

OILT has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

Support and Resistance Analysis

20.70

27.75

When analyzing the support we notice one important area.

  • A support zone ranging from 20.91 to 21.01. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.

We can see 6 important resistance areas.

  • A resistance zone ranging from 21.64 to 21.78. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
  • Resistance @22.43 from a horizontal line in the daily time frame.
  • Resistance @22.87 from a trend line in the daily time frame.
  • Resistance @25.49 from a trend line in the weekly time frame.
  • A resistance zone ranging from 26.68 to 26.68. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • Resistance @27.48 from a horizontal line in the weekly time frame.
Technical Indicator Signal Analysis

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorDOWNNEGATIVEThe long term trend for OILT is down.
ChartMill Short Term Trend IndicatorNEUTRALNEUTRALThe short term trend for OILT is neutral.
ChartMill Relative Strength20.44NEGATIVEOILT has a low relative strength, it was outperformed by 79.56% off all stocks on the market.
Simple Moving Average/SMA (20)UPMIXEDThe current price of OILT is below the rising SMA(20).
Simple Moving Average/SMA (50)DOWNNEGATIVEThe current price of OILT is below a declining SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of OILT is below a declining SMA(200).
Relative Strength Index/RSI (14)49.61NEUTRALThe RSI value for OILT is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0.03POSITIVEThe MACD value suggests OILT has a positive trend, although the MACD value is declining.
Stochastics (14,3)61.15NEUTRALThe Stochastics value for OILT is a neutral value.
Average True Range in percent/ATR (20)1.96LOW VOLATILITYThe low ATR as a percentage value for OILT suggests low volalility.
Average Directional Index/ADX (14)10.63NEGATIVEThe low ADX value for OILT suggests a weak or negative trend.
Chart- and CandleStick Pattern Analysis
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)
TEXAS OIL INDEX ETF / OILT Daily stock chart

TEXAS OIL INDEX ETF

NYSEARCA:OILT (6/5/2025, 8:04:02 PM)

21.129

-0.11 (-0.52%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.52%
1 Week0.86%
2 Weeks1.08%
1 Month5.69%
3 Month-7.61%
6 Month-15.11%
12 Month-20.94%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.36
ATR(20)%1.96%
ATR Inc10.75%
Range Today0.18
ADR(20)0.22
ADR(20)%1.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.44
Mansfield-1.69
10 Day High21.83
10 Day Low20.37
20 Day High22.43
20 Day Low20.37
52 Week High28.14
52 Week Low18.22
CS1 End21.01
CR1 Start21.64
Volume & EV
DER(3)2.56%
DER(5)0.39%
Volume600
Volume Incr-62.19%
Vol(5)2.00K
Vol(50)5.26K