Technical Analysis for OILU - ProShares UltraPro 3x Crude Oil ETF
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| C | 45.36 | 3.94% | 1.72 |
OILU closed up 0.21 percent on Friday, May 3, 2024, on 1.42 times normal volume. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Strong | Up | Up | Down |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Hammer Candlestick | Bullish | 3.94% | |
| Lizard Bullish | Bullish Day Trade Setup | 3.94% | |
| Lower Bollinger Band Touch | Weakness | 3.94% | |
| Oversold Stochastic | Weakness | 3.94% | |
| MACD Bearish Centerline Cross | Bearish | 4.16% | |
| Inside Day | Range Contraction | 4.16% | |
| Oversold Stochastic | Weakness | 4.16% | |
| Fell Below 50 DMA | Bearish | 6.43% | |
| Stochastic Reached Oversold | Weakness | 6.43% | |
| Below Lower BB | Weakness | 6.43% |
| Alert | Time |
|---|---|
| 60 Minute Opening Range Breakout | 17 minutes ago |
| Lizard Bullish Entry | about 2 hours ago |
| Hammer Candlestick Entry | about 2 hours ago |
| Rose Above Previous Day's High | about 2 hours ago |
| Rose Above 50 DMA | about 2 hours ago |
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Basic chart:
The investment seeks daily investment results, before fees and expenses, that correspond to three times (3x) the daily performance of the Bloomberg WTI Crude Oil SubindexSM. The fund seeks to meet its investment objective by investing, under normal market conditions, in futures contracts for WTI sweet, light crude oil listed on the NYMEX, ICE Futures U.S. or other U.S. exchanges and listed options on such contracts.
Keywords: Commodity Markets Futures Exchanges New York Mercantile Exchange West Texas Intermediate Light Crude Oil
Classification
Keywords: Commodity Markets Futures Exchanges New York Mercantile Exchange West Texas Intermediate Light Crude Oil
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Date | Title |
|---|---|
| Apr 9 | Pick Leveraged ETFs to Tap Surging Oil Prices |
| Indicator | Value |
|---|---|
| 52 Week High | 53.9775 |
| 52 Week Low | 28.87 |
| Average Volume | 101,350 |
| 200-Day Moving Average | 40.68 |
| 50-Day Moving Average | 44.44 |
| 20-Day Moving Average | 47.85 |
| 10-Day Moving Average | 46.73 |
| Average True Range | 2.30 |
| RSI (14) | 41.18 |
| ADX | 36.71 |
| +DI | 15.84 |
| -DI | 26.68 |
| Chandelier Exit (Long, 3 ATRs) | 47.08 |
| Chandelier Exit (Short, 3 ATRs) | 48.80 |
| Upper Bollinger Bands | 53.47 |
| Lower Bollinger Band | 42.22 |
| Percent B (%b) | 0.13 |
| BandWidth | 23.50 |
| MACD Line | -0.25 |
| MACD Signal Line | 0.68 |
| MACD Histogram | -0.9322 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 46.79 | ||||
| Resistance 3 (R3) | 46.56 | 45.28 | 46.26 | ||
| Resistance 2 (R2) | 45.28 | 44.48 | 45.39 | 46.09 | |
| Resistance 1 (R1) | 44.46 | 43.98 | 43.82 | 44.69 | 45.91 |
| Pivot Point | 43.18 | 43.18 | 42.86 | 43.30 | 43.18 |
| Support 1 (S1) | 42.36 | 42.38 | 41.72 | 42.59 | 41.37 |
| Support 2 (S2) | 41.08 | 41.88 | 41.20 | 41.19 | |
| Support 3 (S3) | 40.26 | 41.08 | 41.02 | ||
| Support 4 (S4) | 40.49 |
