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Stock Trend Analysis Report

Prepared for you on Wednesday, May 18, 2022.

iPath Pure Beta Crude Oil ETN (PACF:OIL)

Long-Term Uptrend (+90) - OIL is in a strong uptrend that is likely to continue. While OIL is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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
35.2500 35.4700 33.8600 34.0279 -0.7010
Entry Signal

MarketClub’s Trade Triangles for OIL

long term up The long-term trend has been UP since Jan 12th, 2022 at 25.30

intermediate term up The intermediate-term trend has been UP since Apr 18th, 2022 at 34.55

short term up The short-term trend has been UP since May 13th, 2022 at 34.10

Smart Scan Analysis for OIL

Based on our trend formula, OIL is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for OIL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
35.2500 35.4700 33.8600 34.0279 -0.7010
Prev. Close Volume Bid Ask Time
34.7289 51090 2022-05-18 15:59:00
52wk High38.7252wk High Date2022-03-08
52wk Low18.280152wk Low Date2021-05-20
Average Volume77,089Shares Outstanding1,718
Assets106,177,800MLiabilities100,529,100M
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