Free CBOE Crude Oil Volatility Index (OVX) Technical Analysis Signals

Overal Signal
Buy
Signals
Buy Hold Hold Hold
Last Update / Period
20 Nov / Daily
Category/Currency
Indexes/USD
Exchange/Country
WCB/--

CBOE Crude Oil Volatility Index (OVX) signal with technical analysis on 20 Nov

On 20 Nov, we conducted a comprehensive technical analysis of CBOE Crude Oil Volatility Index (OVX), considering 256 signals with intricate details. Here are the key findings: 50 signals suggested buy strategies, while 118 indicated sell strategies. The remaining 88 signals remained neutral without offering a specific direction.
The 256 signals were categorized into four distinct strategies, each consisting of 64 signals. Let's dive into the details of each strategy:

Strategy 1:
Buy Signals: 25
Sell Signals: 11
Neutral Signals: 28
Result: This strategy leads to a Buy position.

Strategy 2:
Buy Signals: 10
Sell Signals: 35
Neutral Signals: 19
Result: This strategy leads to a Hold position.

Strategy 3:
Buy Signals: 10
Sell Signals: 36
Neutral Signals: 18
Result: This strategy leads to a Hold position.

Strategy 4:
Buy Signals: 5
Sell Signals: 36
Neutral Signals: 23
Result: This strategy leads to a Hold position.

Overall Strategy:
Buy Signals: 50
Sell Signals: 118
Neutral Signals: 88
Result: This strategy leads to a Buy position.

Disclaimer! Please exercise caution and thorough consideration before making any financial decisions. It's important to note that our signals are based solely on daily price changes and do not take into account external factors such as news, market sentiment, or company developments. We strongly recommend considering all relevant factors and conducting your own research.

Useful Tips: To make the most informed decisions about your CBOE Crude Oil Volatility Index (OVX) investments, we highly recommend visiting the "magicalprediction" AI models signals website. They provide free signals, and if one aligns with ours, it is likely to be a reliable indicator, as we have observed over time.


Result: Looking at the technical analysis for CBOE Crude Oil Volatility Index (OVX) on , there seems to be a tendency toward a buy signal based on historical data and analysis. However, it's important to remember that these signals are not guarantees, and any investment decision should be made carefully. Consider the overall market conditions and how your choices align with your specific investment goals.


Based on the above signals, we recommend the following strategies:

CBOE Crude Oil Volatility Index (OVX) trading strategy for those in buy positions (long positions): If you are currently in a buy (long) position, holding your position may be a good strategy according to our signals. However, always exercise caution and monitor market developments closely.

CBOE Crude Oil Volatility Index (OVX) trading strategy for those in sell positions (short positions): If you are currently in a sell (short) position, it is recommended to choose the optimal time to exit based on our signal combination. If you have a higher risk tolerance, consider waiting for market movements in the coming days.

For new positions: If you are not currently in the market or are considering switching to a buy (long) position, it’s advisable to consider the projected price range. This range represents a potential upside of 10.14%, determined by the highest predicted price. However, before deciding to enter a buy position, be cautious and conduct thorough research to ensure it aligns with your risk tolerance and investment goals.

In all your trading endeavors, implementing a well-defined stop-loss strategy is crucial for managing potential downside risks effectively.

Useful Tip 2: For those interested in long-term forecasting, we suggest utilizing the "predict-price" website, which offers both short-term and long-term predictions for free. This can help you make more informed decisions regarding your **CBOE Crude Oil Volatility Index (OVX)** holdings.

CBOE Crude Oil Volatility Index (OVX) Price Analysis and Resistance Levels:

Given our current long position in CBOE Crude Oil Volatility Index (OVX), analyzing key resistance levels is crucial to better understand its price movement. These levels are important benchmarks for our strategy, and we will explore multiple scenarios to provide a comprehensive outlook.

First resistance level (38.59): The primary hurdle we face is the 38.59 price level. If the current trend remains unchanged, CBOE Crude Oil Volatility Index (OVX) could break above this level, signaling its strength and potential for further growth.

Second resistance level (41.06): If the upward trend continues with significant strength, we may see CBOE Crude Oil Volatility Index (OVX) cross the second resistance level at 41.06, indicating a major upside move and a promising direction for our position.

Third resistance level (44.18): For a more comprehensive analysis, consider a scenario where CBOE Crude Oil Volatility Index (OVX) not only breaks the second resistance level but holds its price above this mark. If this trend continues in the coming days, CBOE Crude Oil Volatility Index (OVX) could potentially reach the third resistance level of 44.18.
It's essential to closely monitor these resistance levels and consider them in the broader context of market trends and indicators. To make informed decisions when trading CBOE Crude Oil Volatility Index (OVX), stay alert and continually analyze the market. By focusing on these resistance levels and considering broader market dynamics, you can make smarter trading decisions and adapt to this dynamic market.

CBOE Crude Oil Volatility Index (OVX) technical analysis chart

CBOE Crude Oil Volatility Index (OVX) support and resistance levels

Name Level1 Level2 Level3 Level4 Level5
Resistance 38.59 41.06 44.18 44.67 48.57
Support 35.47 33.68 32.16 31.66 25.86
 CBOE Crude Oil Volatility Index (OVX) Support and Resistance area (20 Nov)

CBOE Crude Oil Volatility Index (OVX) signals list for 20 Nov

Overall Signals
Signal 1 Signal 2
Signal 3 Signal 4

CBOE Crude Oil Volatility Index (OVX) candlestick patterns on 20 Nov

Today's CBOE Crude Oil Volatility Index (OVX) Candle Patterns List:

Harami Pattern Homing Pigeon Short Line Candle

CBOE Crude Oil Volatility Index (OVX) technical analysis over the past days

# Date Overal Signals ALL Signals
1 19 Nov Buy BuyHoldHoldHold
2 18 Nov Hold NeutralHoldHoldHold
3 15 Nov Hold HoldHoldHoldHold
4 14 Nov Hold HoldHoldHoldHold
5 13 Nov Hold HoldHoldHoldHold
6 12 Nov Hold HoldHoldHoldHold
7 11 Nov Hold HoldHoldHoldHold
8 08 Nov Hold HoldHoldHoldHold
9 07 Nov Sell SellHoldHoldHold
10 06 Nov Sell NeutralSellHoldSell
11 05 Nov Hold NeutralNeutralHoldNeutral
12 04 Nov Buy BuyHoldHoldNeutral
13 01 Nov Sell SellSellSellNeutral
14 31 Oct Buy BuyNeutralNeutralNeutral
15 30 Oct Hold HoldHoldHoldHold
16 29 Oct Hold HoldHoldHoldHold
17 28 Oct Sell SellSellSellSell
18 25 Oct Buy BuyNeutralNeutralBuy
19 24 Oct Sell SellHoldNeutralNeutral
20 23 Oct Hold NeutralHoldNeutralNeutral
21 22 Oct Buy NeutralHoldNeutralBuy
22 21 Oct Hold HoldHoldNeutralNeutral
23 18 Oct Hold HoldHoldNeutralHold
24 17 Oct Buy HoldSellBuyHold
25 16 Oct Hold HoldNeutralNeutralHold
26 15 Oct Sell SellNeutralHoldHold
27 14 Oct Hold HoldHoldHoldHold
28 11 Oct Hold HoldHoldHoldHold
29 10 Oct Hold HoldHoldHoldHold
30 09 Oct Hold HoldHoldHoldHold

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