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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.
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MarketClub’s Trade Triangles for OIL
The long-term trend has been UP since Apr 12th, 2023 at 31.35
The intermediate-term trend has been DOWN since Apr 25th, 2023 at 29.27
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).
| 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 High | 39.74 | 52wk High Date | 2022-06-08 |
| 52wk Low | 25.31 | 52wk Low Date | 2023-03-17 |
| Average Volume | 44,448 | Shares Outstanding | 1,718 |
| Assets | 106,177,800M | Liabilities | 100,529,100M |