TEXAS OIL INDEX ETF (OILT) Stock Technical Analysis
NYSEARCA:OILT • US88224A3005
Taking everything into account, OILT scores 8 out of 10 in our technical rating. Although OILT is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Warning: OILT has an average volume of 2354 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long and short term trends are both positive. This is looking good!
- OILT is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month OILT has a been trading in the 23.41 - 27.27 range, which is quite wide. It is currently trading near the high of this range.
- When compared to the yearly performance of all other stocks, OILT outperforms 65% of them, which is more or less in line with the market.
Although OILT has an excellent technical rating, the quality of the presented setup is not ideal 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.
More info and screens
21.49
We found 3 important support areas.
- A support zone ranging from 26.48 to 27.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 22.43 to 22.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 21.71 to 21.71. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for OILT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OILT is up. |
| ChartMill Relative Strength | 65.36 | NEUTRAL | OILT is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of OILT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.49 | NEUTRAL | The RSI value for OILT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests OILT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.61 | NEUTRAL | The Stochastics value for OILT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.08 | MEDIUM VOLATILITY | The ATR as a percentage value for OILT suggests some volalility. |
| Average Directional Index/ADX (14) | 41.86 | POSITIVE | The high ADX value value for OILT suggests a strong trend. |
NYSEARCA:OILT (2/18/2026, 3:57:16 PM)
27.415
+0.81 (+3.06%)
TEXAS OIL INDEX ETF / OILT FAQ
What is the technical rating for OILT stock?
ChartMill assigns a technical rating of 8 / 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 Bullish.
Can you provide the RSI signal for TEXAS OIL INDEX ETF?
TEXAS OIL INDEX ETF (OILT) has an RSI value of 61.4927. This indicates that the stock is currently neutral.
What is the buy/sell signal for OILT stock?
The buy/sell signal for TEXAS OIL INDEX ETF (OILT) is buy as both the short term and long term trends are positive.
What is the support and resistance level for OILT stock?
TEXAS OIL INDEX ETF (OILT) has a support level at 26.59 and a resistance level at 26.93. Check the full technical report for our detailed analysis of OILT support and resistance levels.