OILU Stock MicroSectorsTM Oil&Gs Exp&Pd 3X Lvg ETNs (OILU, $35.53) entered Uptrend as Momentum indicator ascends above 0 level on Nov 06, 2024

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OILU - MicroSectorsTM Oil&Gs Exp&Pd 3X Lvg ETNs

Momentum signal

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Odds of UP Trend

Price: $35.53

Daily change: +$3.85 (+12.15%)

Daily volume: 365.7K

Net Assets: $47.6M

OILU's MACD Histogram crosses above signal line

The Moving Average Convergence Divergence (MACD) for OILU turned positive on November 06, 2024. Looking at past instances where OILU's MACD turned positive, the stock continued to rise in of 30 cases over the following month. The odds of a continued upward trend are .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 06, 2024. You may want to consider a long position or call options on OILU as a result. In of 58 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

OILU moved above its 50-day moving average on November 06, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for OILU crossed bullishly above the 50-day moving average on November 11, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 11 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 OILU advanced for three days, in of 240 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 12 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

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 November 06, 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.

The Aroon Indicator for OILU entered a downward trend on November 07, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.