Momentum Indicator for OILU turns positive, indicating new upward trend
OILU saw its Momentum Indicator move above the 0 level on May 09, 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 62 similar instances where the indicator turned positive. In of the 62 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where OILU's RSI Oscillator exited the oversold zone, of 23 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for OILU just turned positive on April 24, 2025. Looking at past instances where OILU's MACD turned positive, the stock continued to rise in of 29 cases over the following month. The odds of a continued upward trend are .
Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where OILU advanced for three days, in of 258 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where OILU declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
OILU broke above its upper Bollinger Band on May 12, 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
OILU and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, OILU has been loosely correlated with MLPR. These tickers have moved in lockstep 63% of the time. This A.I.-generated data suggests there is some statistical probability that if OILU jumps, then MLPR could also see price increases.
| Ticker / NAME | Correlation To OILU | 1D Price Change % | ||
|---|---|---|---|---|
| OILU | 100% | +4.87% | ||
| MLPR - OILU | 63% Loosely correlated | +3.52% | ||
| IFED - OILU | 41% Loosely correlated | +1.38% | ||
| TSLL - OILU | 33% Loosely correlated | +9.63% | ||
| SSO - OILU | 31% Poorly correlated | +1.36% | ||
| SPXL - OILU | 29% Poorly correlated | +1.98% | ||
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