Technical Analysis for OILU - ProShares UltraPro 3x Crude Oil ETF
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| A | 45.61 | -0.65% | -0.30 |
OILU closed down 0.65 percent on Thursday, April 18, 2024, on approximately normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Very Strong | Up | Up | Down |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| 1,2,3 Pullback Bullish | Bullish Swing Setup | 0.00% | |
| Non-ADX 1,2,3,4 Bullish | Bullish Swing Setup | 0.00% | |
| Calm After Storm | Range Contraction | 0.00% | |
| NR7 | Range Contraction | 0.00% | |
| Stochastic Reached Oversold | Weakness | 0.00% | |
| Strong but Oversold | Other | 0.00% | |
| Inside Day | Range Contraction | 0.00% | |
| Strong, Oversold and Reversal Signs | Reversal | 0.00% | |
| Down 3 Days in a Row | Weakness | 0.00% | |
| Down 4 Days in a Row | Weakness | 0.00% |
| Alert | Time |
|---|---|
| 60 Minute Opening Range Breakdown | about 11 hours ago |
| Down 1% | about 11 hours ago |
| Possible NR7 | about 12 hours ago |
| Possible Inside Day | about 12 hours ago |
| 1.5x Volume Pace | about 16 hours ago |
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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 | 109,739 |
| 200-Day Moving Average | 40.10 |
| 50-Day Moving Average | 41.70 |
| 20-Day Moving Average | 48.42 |
| 10-Day Moving Average | 49.52 |
| Average True Range | 2.11 |
| RSI (14) | 47.09 |
| ADX | 50.04 |
| +DI | 21.37 |
| -DI | 15.52 |
| Chandelier Exit (Long, 3 ATRs) | 47.63 |
| Chandelier Exit (Short, 3 ATRs) | 49.14 |
| Upper Bollinger Bands | 54.03 |
| Lower Bollinger Band | 42.82 |
| Percent B (%b) | 0.25 |
| BandWidth | 23.15 |
| MACD Line | 1.60 |
| MACD Signal Line | 2.61 |
| MACD Histogram | -1.0116 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 48.00 | ||||
| Resistance 3 (R3) | 48.09 | 47.39 | 47.60 | ||
| Resistance 2 (R2) | 47.39 | 46.78 | 47.34 | 47.46 | |
| Resistance 1 (R1) | 46.50 | 46.41 | 46.15 | 46.41 | 47.33 |
| Pivot Point | 45.80 | 45.80 | 45.63 | 45.75 | 45.80 |
| Support 1 (S1) | 44.91 | 45.19 | 44.56 | 44.82 | 43.89 |
| Support 2 (S2) | 44.21 | 44.82 | 44.16 | 43.76 | |
| Support 3 (S3) | 43.32 | 44.21 | 43.62 | ||
| Support 4 (S4) | 43.23 |
