OILK Stock ProShares K-1 Free Crude Oil ETF (OILK, $43.08) price exceeded its 50-day Moving Average on December 18, 2024

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OILK - ProShares K-1 Free Crude Oil ETF

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Odds of DOWN Trend

Price: $43.08

Daily change: -$0.25 (-0.59%)

Daily volume: 30.6K

Net Assets: $78.3M

OILK in -1.09% downward trend, falling for three consecutive days on December 19, 2024

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where OILK declined for three days, in of 265 cases, the price declined further within the following month. The odds of a continued downward trend are .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 68 cases where OILK's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

OILK moved below its 50-day moving average on December 18, 2024 date and that indicates a change from an upward trend to a downward trend.

OILK broke above its upper Bollinger Band on December 13, 2024. 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.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on December 18, 2024. You may want to consider a long position or call options on OILK as a result. In of 80 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for OILK just turned positive on December 11, 2024. Looking at past instances where OILK's MACD turned positive, the stock continued to rise in of 53 cases over the following month. The odds of a continued upward trend are .

The 10-day moving average for OILK crossed bullishly above the 50-day moving average on December 20, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 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 OILK advanced for three days, in of 349 cases, the price rose further within the following month. The odds of a continued upward trend are .