TEXAS OIL INDEX ETF (OILT) Stock Technical Analysis
NYSEARCA:OILT - US88224A3005 - ETF
24.0415 USD
+0.06 (+0.24%)
Overall OILT gets a technical rating of 7 out of 10. In the last year, OILT was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Warning: OILT has an average volume of 3334 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month OILT has a been trading in the 22.00 - 24.16 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 47% of them, which is more or less in line with the market.
OILT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so OILT is lagging the market.
Although OILT has an excellent technical rating, it does not present a decent entry opportunity 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
20.46
27.75
When analyzing the support we can see 3 important areas.
- A support zone ranging from 22.60 to 22.77. This zone is formed by a combination of multiple trend lines and important moving averages 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.
- Support @20.67 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 24.05 to 24.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @24.73 from a trend line in the weekly time frame.
- Resistance @25.50 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 | UP | POSITIVE | The short term trend for OILT is up. |
| ChartMill Relative Strength | 47.14 | 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) | DOWN | MIXED | The current price of OILT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 66.68 | NEUTRAL | The RSI value for OILT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests OILT has a positive trend. |
| Stochastics (14,3) | 97.93 | OVERBOUGHT | The high Stochastics value suggests OILT may be overbought. |
| Average True Range in percent/ATR (20) | 1.32 | LOW VOLATILITY | The low ATR as a percentage value for OILT suggests low volalility. |
| Average Directional Index/ADX (14) | 18.32 | NEGATIVE | The low ADX value for OILT 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)
NYSEARCA:OILT (8/29/2025, 8:04:02 PM)
24.0415
+0.06 (+0.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.24%
1 Week3.29%
2 Weeks6.11%
1 Month8.18%
3 Month16.28%
6 Month-1.66%
12 Month-9.04%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.35
ATR(20)%1.32%
ATR Inc-37.88%
Range Today0.16
ADR(20)0.24
ADR(20)%1.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS47.14
Mansfield-0.72
10 Day High24.16
10 Day Low22.25
20 Day High24.16
20 Day Low22.01
52 Week High26.98
52 Week Low18.22
CS1 End22.77
CR1 Start24.05
Volume & EV
DER(3)-0.8%
DER(5)6.58%
Volume5.70K
Volume Incr23.31%
Vol(5)3.20K
Vol(50)3.33K