OILD MicroSectorsTM Ol&Gs E&P -3X Inv Lg ETNs Forecast, Technical & Fundamental Analysis
OILD's RSI Indicator recovers from overbought zone
The 10-day RSI Indicator for OILD moved out of overbought territory on December 24, 2024. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 22 instances where the indicator moved out of the overbought zone. In of the 22 cases the stock moved lower in the days that followed. This puts the odds of a move down at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on January 02, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on OILD as a result. In of 52 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for OILD turned negative on December 31, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 28 similar instances when the indicator turned negative. In of the 28 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where OILD declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 4 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.
The 50-day moving average for OILD moved above the 200-day moving average on December 23, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
The Aroon Indicator entered an Uptrend today. In of 111 cases where OILD Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
General Information
Category Trading
| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| TYLG | 34.11 | 0.37 | +1.09% |
| Global X Information Tch Cvd Cll&Gr ETF | |||
| IGE | 46.16 | 0.37 | +0.81% |
| iShares North American Natural Res ETF | |||
| JMBS | 44.22 | 0.13 | +0.29% |
| Janus Henderson Mortgage-Backed Sec ETF | |||
| POWA | 83.47 | 0.23 | +0.27% |
| Invesco Bloomberg Pricing Power ETF | |||
| KWT | 33.13 | -0.11 | -0.33% |
| iShares® MSCI Kuwait ETF | |||
OILD and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, OILD has been closely correlated with WTID. These tickers have moved in lockstep 98% of the time. This A.I.-generated data suggests there is a high statistical probability that if OILD jumps, then WTID could also see price increases.
| Ticker / NAME | Correlation To OILD | 1D Price Change % | ||
|---|---|---|---|---|
| OILD | 100% | -2.31% | ||
| WTID - OILD | 98% Closely correlated | -1.09% | ||
| TZA - OILD | 44% Loosely correlated | -1.05% | ||
| CARD - OILD | 35% Loosely correlated | -0.20% | ||
| JETD - OILD | 33% Poorly correlated | -0.57% | ||
| SPXS - OILD | 31% Poorly correlated | -2.94% | ||
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