Momentum Indicator for OILD turns positive, indicating new upward trend
OILD saw its Momentum Indicator move above the 0 level on March 03, 2025. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 52 similar instances where the indicator turned positive. In of the 52 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for OILD just turned positive on February 26, 2025. Looking at past instances where OILD's MACD turned positive, the stock continued to rise in of 27 cases over the following month. The odds of a continued upward trend are .
OILD moved above its 50-day moving average on March 03, 2025 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for OILD crossed bullishly above the 50-day moving average on March 06, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 13 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where OILD advanced for three days, in of 181 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 37 cases where OILD's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The 50-day moving average for OILD moved below the 200-day moving average on February 27, 2025. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
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 .
OILD broke above its upper Bollinger Band on March 04, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
General Information
Category Trading
| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| PWZ | 24.50 | N/A | N/A |
| Invesco California AMT-Free Muni Bd ETF | |||
| EFAV | 77.98 | -0.46 | -0.59% |
| iShares MSCI EAFE Min Vol Factor ETF | |||
| CHIQ | 22.05 | -0.79 | -3.46% |
| Global X MSCI China Consumer Disc ETF | |||
| CEE | 14.45 | -0.55 | -3.67% |
| Central and Eastern Europe Fund (The) | |||
| HDRO | 29.63 | -1.43 | -4.60% |
| Defiance Next Gen H2 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% | -1.30% | ||
| WTID - OILD | 98% Closely correlated | -2.76% | ||
| TZA - OILD | 44% Loosely correlated | +7.69% | ||
| CARD - OILD | 35% Loosely correlated | +6.46% | ||
| JETD - OILD | 33% Poorly correlated | +6.82% | ||
| SPXS - OILD | 31% Poorly correlated | +7.92% | ||
More | ||||