NYSEARCA:OILT - NYSE Arca - US88224A3005 - ETF - Currency: USD
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.
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.
20.70
When analyzing the support we notice one important area.
We can see 6 important resistance areas.
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 | NEUTRAL | NEUTRAL | The short term trend for OILT is neutral. |
ChartMill Relative Strength | 20.44 | NEGATIVE | OILT has a low relative strength, it was outperformed by 79.56% off all stocks on the market. |
Simple Moving Average/SMA (20) | UP | MIXED | The current price of OILT is below the rising 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) | 49.61 | NEUTRAL | The RSI value for OILT is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests OILT has a positive trend, although the MACD value is declining. |
Stochastics (14,3) | 61.15 | NEUTRAL | The Stochastics value for OILT is a neutral value. |
Average True Range in percent/ATR (20) | 1.96 | LOW VOLATILITY | The low ATR as a percentage value for OILT suggests low volalility. |
Average Directional Index/ADX (14) | 10.63 | NEGATIVE | The low ADX value for OILT suggests a weak or negative trend. |
NYSEARCA:OILT (6/5/2025, 8:04:02 PM)
21.129
-0.11 (-0.52%)