Technical Analysis for OILU - ProShares UltraPro 3x Crude Oil ETF

Grade Last Price % Change Price Change
D 40.65 1.37% 0.55
OILU closed up 1.37 percent on Wednesday, July 3, 2024, on 28 percent of normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Down Up

Date Alert Name Type % Chg
Bollinger Band Squeeze Range Contraction 0.00%
Inside Day Range Contraction 0.00%
Overbought Stochastic Strength 0.00%
200 DMA Support Bullish 1.37%
Spinning Top Other 1.37%
Bollinger Band Squeeze Range Contraction 1.37%
Multiple of Ten Bullish Other 1.37%
Gapped Up Strength 1.37%
Overbought Stochastic Strength 1.37%
200 DMA Support Bullish 1.30%

   Recent Intraday Alerts

Alert Time
Up 2% about 9 hours ago
Up 1% about 9 hours ago
200 DMA Support 1 day ago
Rose Above Previous Day's High 1 day ago
Rose Above Upper Bollinger Band 1 day ago

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Profile

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.
Classification

Keywords: Commodity Markets Futures Exchanges New York Mercantile Exchange West Texas Intermediate Light Crude Oil

Top 10 Components

Symbol Grade Price % Change Allocation
CVX D -0.03 15.00
XOM C 0.51 15.00
COP D 0.57 6.46
OXY D -0.06 5.93
DVN C 0.71 5.13
MPC D 0.49 4.70
SLB C 1.33 4.24
PXD B 0.00 4.22
EOG C 0.09 4.07
VLO C 0.34 3.17

Is OILU 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 53.9775
52 Week Low 28.87
Average Volume 72,335
200-Day Moving Average 39.97
50-Day Moving Average 42.05
20-Day Moving Average 38.88
10-Day Moving Average 39.79
Average True Range 1.75
RSI (14) 52.61
ADX 15.63
+DI 19.59
-DI 17.04
Chandelier Exit (Long, 3 ATRs) 37.66
Chandelier Exit (Short, 3 ATRs) 40.78
Upper Bollinger Bands 41.78
Lower Bollinger Band 35.98
Percent B (%b) 0.81
BandWidth 14.92
MACD Line -0.37
MACD Signal Line -0.85
MACD Histogram 0.4854
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 42.26
Resistance 3 (R3) 42.24 41.70 41.99
Resistance 2 (R2) 41.70 41.29 41.70 41.90
Resistance 1 (R1) 41.17 41.04 41.44 41.19 41.81
Pivot Point 40.63 40.63 40.76 40.63 40.63
Support 1 (S1) 40.10 40.22 40.37 40.12 39.49
Support 2 (S2) 39.56 39.97 39.56 39.40
Support 3 (S3) 39.03 39.56 39.31
Support 4 (S4) 39.05