Momentum Indicator for BOIL turns negative, indicating new downward trend
BOIL saw its Momentum Indicator move below the 0 level on April 04, 2025. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 74 similar instances where the indicator turned negative. In of the 74 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
BOIL moved below its 50-day moving average on April 04, 2025 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for BOIL crossed bearishly below the 50-day moving average on April 07, 2025. This indicates that the trend has shifted lower and could be considered a sell signal. In of 12 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BOIL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for BOIL entered a downward trend on April 22, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Indicator demonstrates that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 10 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BOIL advanced for three days, in of 318 cases, the price rose further within the following month. The odds of a continued upward trend are .
BOIL may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
General Information
Category Trading
BOIL and ETFs
Correlation & Price change
A.I.dvisor tells us that BOIL and UGL have been poorly correlated (+8% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that BOIL and UGL's prices will move in lockstep.
| Ticker / NAME | Correlation To BOIL | 1D Price Change % | ||
|---|---|---|---|---|
| BOIL | 100% | -2.95% | ||
| UGL - BOIL | 8% Poorly correlated | -2.77% | ||
| DGP - BOIL | 8% Poorly correlated | -2.61% | ||
| BDDXF - BOIL | 7% Poorly correlated | N/A | ||
| UCO - BOIL | 7% Poorly correlated | +1.86% | ||
| SHNY - BOIL | 7% Poorly correlated | -4.33% | ||
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