NASDAQ:OILD
Delisted

AccuShares S&P GSCI Crude Oil Excess ETF Forecast

$45.32
+0 (+0%)
At Close: Apr 15, 2020
RSI low/high Values: [ 25 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

Red day on Wednesday for AccuShares S&P GSCI Crude Oil Excess ETF after losing 0%
(Updated on Apr 15, 2020)

Buy or Hold candidate since Jan 14, 2020 Gain 287.02% PDF

No changes to the price of AccuShares S&P GSCI Crude Oil Excess ETF on the last trading day (Wednesday, 15th Apr 2020). During the last trading day the ETF fluctuated 0% from a day low at $45.32 to a day high of $45.32. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.

The ETF lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $41.08 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 83.66% during the next 3 months and, with a 90% probability hold a price between $75.44 and $170.79 at the end of this 3-month period.

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OILD Signals & Forecast

The AccuShares S&P GSCI Crude Oil Excess ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $45.32 and $39.30. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, April 14, 2020, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for AccuShares S&P GSCI Crude Oil Excess ETF

On the downside, the ETF finds support just below today's level from accumulated volume at $38.52 and $37.25. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, AccuShares S&P GSCI Crude Oil Excess finds support just below today's level at $38.52. If this is broken, then the next support from accumulated volume will be at $37.25 and $34.18.

In general the ETF tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0%

Our recommended stop-loss: $43.51 (-4.00%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (OILD) For The Upcoming Trading Day Of Thursday 16th

For the upcoming trading day on Thursday, 16th we expect AccuShares S&P GSCI Crude Oil Excess Return Down Shares to open at $45.32, and during the day (based on 14 day Average True Range), to move between $40.26 and $50.38, which gives a possible trading interval of +/-$5.06 (+/-11.17%) up or down from last closing price. If AccuShares S&P GSCI Crude Oil Excess Return Down Shares takes out the full calculated possible swing range there will be an estimated 22.33% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $45.62 (0.66%) than the support at $38.52 (15.00%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is AccuShares S&P GSCI Crude Oil Excess Return Down Shares ETF A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for AccuShares S&P GSCI Crude Oil Excess ETF to perform well in the short-term.

Current score: 1.865 Buy Candidate Unchanged

Predicted Opening Price for AccuShares S&P GSCI Crude Oil Excess Return Down Shares of Thursday, April 16, 2020

Fair opening price April 16, 2020 Current price
$45.32 ( 0%) $45.32

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for OILD

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 45.32 .
R2 45.32 .
R1 45.32 .
Current price: 45.32
Support S1 45.32 .
S2 45.32 .
S3 45.32 .

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 53.72 18.53 %
R2 50.58 11.61 %
R1 45.62 0.662 %
Current price 45.32
Support S1 38.52 -15.00%
S2 37.25 -17.81%
S3 34.18 -24.58%

FAQ

What is the symbol for AccuShares S&P GSCI Crude Oil Excess Return Down Shares ETF and on which exchange is it traded?
The symbol for AccuShares S&P GSCI Crude Oil Excess Return Down Shares is OILD and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell AccuShares S&P GSCI Crude Oil Excess Return Down Shares ETF?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for AccuShares S&P GSCI Crude Oil Excess ETF to perform well in the short-term.

How to buy AccuShares S&P GSCI Crude Oil Excess Return Down Shares ETF?
AccuShares S&P GSCI Crude Oil Excess Return Down Shares ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy AccuShares S&P GSCI Crude Oil Excess Return Down Shares ETF.

What's the current price of AccuShares S&P GSCI Crude Oil Excess Return Down Shares ETF?
As of the end of day on the 2020-04-15, the price of an AccuShares S&P GSCI Crude Oil Excess Return Down Shares (OILD) share was $45.32.

What is the 52-week high and low for AccuShares S&P GSCI Crude Oil Excess Return Down Shares ETF?
The 52-week high for AccuShares S&P GSCI Crude Oil Excess Return Down Shares ETF is $115.00 and the 52-week low is $9.33.

What is the market capitalization of AccuShares S&P GSCI Crude Oil Excess Return Down Shares ETF?
As of the 2020-04-15, the market capitalization of AccuShares S&P GSCI Crude Oil Excess Return Down Shares is 18.251M.
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