TEXAS OIL INDEX ETF (OILT) Stock Technical Analysis
USA - NYSEARCA:OILT - US88224A3005 - ETF
Overall OILT gets a technical rating of 0 out of 10. OILT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
OILT has a poor technical rating and the quality of the setup is also only medium 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
When analyzing the support we notice one important area.
- Support @21.71 from a horizontal line in the daily time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 21.77 to 22.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 22.43 to 22.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 23.77 to 24.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 24.82 to 25.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | DOWN | NEGATIVE | The long term trend for OILT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for OILT is down. |
| ChartMill Relative Strength | 23.09 | NEGATIVE | OILT has a low relative strength, it was outperformed by 76.91% off all stocks 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) | DOWN | NEGATIVE | The current price of OILT is below a declining 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) | 41.05 | NEUTRAL | The RSI value for OILT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests OILT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 44.16 | NEUTRAL | The Stochastics value for OILT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.74 | LOW VOLATILITY | The low ATR as a percentage value for OILT suggests low volalility. |
| Average Directional Index/ADX (14) | 18.64 | NEGATIVE | The low ADX value for OILT suggests a weak or negative trend. |
NYSEARCA:OILT (11/4/2025, 8:04:00 PM)
21.7282
-0.27 (-1.21%)
TEXAS OIL INDEX ETF / OILT FAQ
What is the technical rating for OILT stock?
ChartMill assigns a technical rating of 0 / 10 to OILT.
Can you provide the trend direction for TEXAS OIL INDEX ETF?
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 41.0477. This indicates that the stock is currently neutral.
What is the short term momentum for OILT stock?
The short term momentum for TEXAS OIL INDEX ETF (OILT) is negative.
Can you provide the support and resistance levels for TEXAS OIL INDEX ETF?
TEXAS OIL INDEX ETF (OILT) has a support level at 21.71 and a resistance level at 21.77. Check the full technical report for our detailed analysis of OILT support and resistance levels.