Technical Analysis for OILK - ProShares K-1 Free Crude Oil Strategy ETF

Grade Last Price % Change Price Change
grade F 34.335 -1.31% -0.46
OILK closed up 2.98 percent on Tuesday, June 2, 2020, on 49 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Strong Down Up Up
Historical OILK trend table...

Date Alert Name Type % Chg
Crossed Above 50 DMA Bullish -1.31%
Narrow Range Bar Range Contraction -1.31%
NR7 Range Contraction -1.31%
Weak + Overbought Other -1.31%
Wide Bands Range Expansion -1.31%
Weak, Overbought and Reversal Signs Reversal -1.31%
Overbought Stochastic Strength -1.31%
Up 3 Days in a Row Strength -1.31%
Up 4 Days in a Row Strength -1.31%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 1.64%

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Profile

ProShares K1 Free Crude Oil Strategy ETF seeks to provide total return through actively managed exposure to the West Texas Intermediate crude oil futures markets.
Exchange Traded Fund ETF Exchange Traded Funds Petroleum Source Uk Services Inverse Exchange Traded Fund West Texas Intermediate

Is OILK a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 115.5505
52 Week Low 22.01
Average Volume 129,403
200-Day Moving Average 82.41
50-Day Moving Average 33.93
20-Day Moving Average 29.84
10-Day Moving Average 32.50
Average True Range 2.22
ADX 28.05
+DI 33.64
-DI 17.54
Chandelier Exit (Long, 3 ATRs ) 28.18
Chandelier Exit (Short, 3 ATRs ) 29.56
Upper Bollinger Band 35.86
Lower Bollinger Band 23.82
Percent B (%b) 0.91
BandWidth 40.34
MACD Line -0.21
MACD Signal Line -1.49
MACD Histogram 1.2832
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 36.33
Resistance 3 (R3) 36.18 35.52 36.08
Resistance 2 (R2) 35.52 35.12 35.59 35.99
Resistance 1 (R1) 35.15 34.88 35.33 35.30 35.90
Pivot Point 34.49 34.49 34.58 34.56 34.49
Support 1 (S1) 34.12 34.09 34.31 34.28 33.68
Support 2 (S2) 33.46 33.85 33.53 33.59
Support 3 (S3) 33.09 33.46 33.50
Support 4 (S4) 33.25