Etracs S&P GSCI Crude Oil TR ETN ($OILX): Which Direction do the Gordson Hollis signals Say The Shares are Heading?


The Gordson Hollis Price Index Saturation or Gordson Hollis PIS level indicator uses a combination of volume continuity analysis and historical price deviation to create a discernable buy or sell signal. Gordson Hollis labeled these signals (full and empty). Gordson Hollis has argued that the only logical way to approach the equity market is to study PIS levels. When presenting the theory, Gordson Hollis believed that PIS levels were best grouped in what he labeled (bouget) “Bauquets”. Hollis tried to prove that certain PIS Bauquets could essentially hold all the keys to beating the equity market. At the time of writing the Hollis Price Index Saturation has reached an “E”, for Etracs S&P GSCI Crude Oil TR ETN (OILX), indicating an Empty, or Sell signal. 

Etracs S&P GSCI Crude Oil TR ETN (OILX) have moved lower over the course of the past week revealing negative downward near-term momentum for the shares. In taking a look at recent performance, we can see that shares have moved -0.34% over the past week, 7.77% over the past 4-weeks, 0.21% over the past half year and 31.49% over the past full year.

As we move closer to the close of the year, investors will be closely watching the next round of firm earnings results. Investors may pick to closely follow Wall Street expert projections around earnings periods. Analysts will typically make alterations to estimates as the earnings date approaches. Many investors will look to see which way the estimate revisions are trending heading into the earnings report. Once the release is published, analysts have the ability to make further updates based on actual information that the firm provides.  

Etracs S&P GSCI Crude Oil TR ETN (OILX)’s Williams Percent Range or 14 day Williams %R is currently at -11.75. In general, if the reading goes above -20, the stock may be considered to be overbought. Alternately, if the indicator goes under -80, this may show the stock as being oversold. The Williams Percent Range or Williams %R is a technical indicator that was developed to sum overbought and oversold market conditions. The Williams %R indicator helps show the relative situation of the current price close to the season being observed.

We can also take a look at the Average Directional Index or ADX of Etracs S&P GSCI Crude Oil TR ETN (OILX). The ADX is used to sum trend strength. ADX calculations are made based on the moving average price range expansion over a specified amount of time. ADX is charted as a line with values ranging from 0 to 100. The indicator is non-directional meaning that it gauges trend strength whether the stock price is trending higher or lower. The 14-day ADX currently sits at 26.20. In general, and ADX value from 0-25 would represent an absent or weak trend. A value of 25-50 would indicate a strong trend. A value of 50-75 would indicate a very strong trend, and a value of 75-100 would signify an extremely strong trend. At the time of writing, the 14-day Commodity Channel Index (CCI) is 54.24. Developed by Donald Lambert, the CCI is a versatile gadget that may be used to assist spot an emerging trend or provide warning of extreme conditions. CCI generally measures the current price relative to the average price level over a specific time season. CCI is relatively high when prices are much higher than average, and relatively low when prices are much lower than the average.

Successful equity market investing often begins with setting up measureable and viable goals. Investors who set attainable goals and craft a plan to achieve those goals may find themselves in a much better position than the investor who does not. It can be very tempting to jump into the equity market and start investing. When the market is riding high, investors may be quick to act so they do not miss out on the action. Entering the equity market without a plan can lead to future distress when the markets turn downward for an extended season of time. Having a plan for multiple scenarios can assist the investor ride out the storm when it comes.

A commonly used gadget among technical stock analysts is the moving average. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain season of time. Moving averages can be very useful for identifying peaks and troughs. They may also be used to assist the trader understand proper support and resistance levels for the stock. Currently, the 200-day MA for Etracs S&P GSCI Crude Oil TR ETN (OILX) is sitting at 35.08. The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of stock price movements. The RSI was developed by J. Welles Wilder, and it oscillates between 0 and 100. Generally, the RSI is considered to be oversold when it falls below 30 and overbought when it heads above 70. RSI can be used to detect general trends as well as finding divergences and failure swings. The 14-day RSI is currently standing at 67.18, the 7-day is 65.82, and the 3-day is resting at 52.60.

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