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Stock Trend Analysis Report

Prepared for you on Monday, May 29, 2023.

iPath Pure Beta Crude Oil ETN (PACF:OIL)

Crossroads (+60) - OIL is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid OIL?

MarketClub looks at technical strength and momentum to determine if the timing is right for OIL.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

PACF_OIL
Open High Low OIL Price Change
28.22 28.34 28.08 28.23 +0.24
Entry Signal

MarketClub’s Trade Triangles for OIL

long term up The long-term trend has been UP since Apr 12th, 2023 at 31.35

intermediate term down The intermediate-term trend has been DOWN since Apr 25th, 2023 at 29.27

short term down The short-term trend has been DOWN since May 25th, 2023 at 27.61

Smart Scan Analysis for OIL

Based on our trend formula, OIL is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for OIL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
28.22 28.34 28.08 28.23 +0.24
Prev. Close Volume Bid Ask Time
28.18 11963 2023-05-26 15:59:55
52wk High39.7452wk High Date2022-06-08
52wk Low25.3152wk Low Date2023-03-17
Average Volume44,448Shares Outstanding1,718
Assets106,177,800MLiabilities100,529,100M
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