AccuShares S&P GSCI Crude Oil Excess ETF Forecast

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

OILU Signals & Forecast

There are mixed signals in the ETF today. The AccuShares S&P GSCI Crude Oil Excess ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.217 and $2.51. A break-up above any of these levels will issue buy signals. 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. A buy signal was issued from a pivot bottom point on Friday, March 27, 2020, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).

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

There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.

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: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (OILU) 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 Up Shares to open at $0.217, and during the day (based on 14 day Average True Range), to move between -$0.0647 and $0.498, which gives a possible trading interval of +/-$0.281 (+/-129.87%) up or down from last closing price. If AccuShares S&P GSCI Crude Oil Excess Return Up Shares takes out the full calculated possible swing range there will be an estimated 259.73% move between the lowest and the highest trading price during the day.

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

AccuShares S&P GSCI Crude Oil Excess holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF.

Current score: -3.965 Sell Candidate Unchanged

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

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