Free NYSE Arca Oil Index (XOI) Technical Analysis Signals

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

NYSE Arca Oil Index (XOI) signal with technical analysis on 20 Nov

On 20 Nov, we conducted a comprehensive technical analysis of NYSE Arca Oil Index (XOI), considering 256 signals with intricate details. Here are the key findings: 124 signals suggested buy strategies, while 38 indicated sell strategies. The remaining 94 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: 24
Sell Signals: 18
Neutral Signals: 22
Result: This strategy leads to a Neutral position.

Strategy 2:
Buy Signals: 36
Sell Signals: 6
Neutral Signals: 22
Result: This strategy leads to a Buy position.

Strategy 3:
Buy Signals: 32
Sell Signals: 7
Neutral Signals: 25
Result: This strategy leads to a Hold position.

Strategy 4:
Buy Signals: 32
Sell Signals: 7
Neutral Signals: 25
Result: This strategy leads to a Hold position.

Overall Strategy:
Buy Signals: 124
Sell Signals: 38
Neutral Signals: 94
Result: This strategy leads to a Hold 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 NYSE Arca Oil Index (XOI) investments, we highly recommend visiting the "Magic Prediction" 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 NYSE Arca Oil Index (XOI) on , there appears to be a tendency toward a buy signal based on historical data and analysis. However, it's essential to remember that these signals are not guarantees, and investment decisions should be made carefully. It's important to consider the overall market conditions and how your choices align with your specific investment goals.


Based on the signals, we offer the following recommendations:

NYSE Arca Oil Index (XOI) trading strategy for those in buy positions (long positions): If you are currently in a buy (long) position, based on the consensus of our technical analysis signals, it is advised to maintain your current position with increased vigilance and caution. However, always be careful and closely monitor market developments.

NYSE Arca Oil Index (XOI) trading strategy for those in sell positions (short positions): If you are currently in a sell (short) position, it is recommended to carefully time your exit based on the combination of technical analysis signals. If you have a high risk tolerance, consider waiting for potential 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 is advisable to consider the projected price range. This range represents a potential upside of 2.84%, determined by the highest predicted price. However, before initiating a buy position, conduct thorough research to ensure it fits your risk tolerance and investment goals.

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

Useful Tip 2: For those interested in long-term forecasting, we recommend using the "predict-price" website, which offers both short-term and long-term predictions for free. This can help you make well-informed decisions regarding your **NYSE Arca Oil Index (XOI)** holdings.

NYSE Arca Oil Index (XOI) Price Analysis and Resistance Levels:

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

First resistance level (1995.14): The primary hurdle is the 1995.14 price level. If the prevailing trend remains unchanged, NYSE Arca Oil Index (XOI) could break above this level, indicating its strength and potential for further growth.

Second resistance level (2003.59): If the upward trend shows significant strength, NYSE Arca Oil Index (XOI) may cross the second resistance level at 2003.59, signaling a significant upside move and a promising direction for our position.

Third resistance level (2031.99): For a more comprehensive analysis, we should consider a scenario where NYSE Arca Oil Index (XOI) not only breaks the second resistance level but also holds its price above this benchmark. If this trend continues in the coming days, it could pave the way for NYSE Arca Oil Index (XOI) to reach the third resistance level at 2031.99.
It's crucial to monitor these resistance levels closely and understand them within the context of overall market trends and indicators. To make informed decisions while trading NYSE Arca Oil Index (XOI), stay alert and continuously analyze the market. By considering these resistance levels and broader market dynamics, you can make smarter trading choices and better adapt to the evolving nature of this market.

NYSE Arca Oil Index (XOI) technical analysis chart

NYSE Arca Oil Index (XOI) support and resistance levels

Name Level1 Level2 Level3 Level4 Level5
Resistance 1995.14 2003.59 2031.99 2275.33 --
Support 1829.87 1796.83 1761.66 1571.48 --
 NYSE Arca Oil Index (XOI) Support and Resistance area (20 Nov)

NYSE Arca Oil Index (XOI) signals list for 20 Nov

Overall Signals
Signal 1 Signal 2
Signal 3 Signal 4

NYSE Arca Oil Index (XOI) technical analysis over the past days

# Date Overal Signals ALL Signals
1 19 Nov Hold NeutralHoldHoldHold
2 18 Nov Hold HoldHoldHoldHold
3 15 Nov Hold HoldHoldHoldHold
4 14 Nov Hold HoldHoldHoldHold
5 13 Nov Buy BuyHoldHoldBuy
6 12 Nov Neutral NeutralHoldHoldNeutral
7 11 Nov Hold HoldHoldHoldHold
8 08 Nov Buy HoldHoldHoldBuy
9 07 Nov Hold HoldHoldHoldNeutral
10 06 Nov Buy HoldBuyBuyBuy
11 05 Nov Hold HoldNeutralHoldHold
12 04 Nov Buy BuyHoldHoldHold
13 01 Nov Hold NeutralHoldHoldHold
14 31 Oct Hold HoldHoldHoldHold
15 30 Oct Hold HoldHoldHoldHold
16 29 Oct Hold HoldHoldHoldHold
17 28 Oct Hold HoldHoldHoldHold
18 25 Oct Hold HoldHoldHoldHold
19 24 Oct Hold HoldHoldHoldHold
20 23 Oct Sell SellHoldHoldHold
21 22 Oct Hold NeutralHoldHoldHold
22 21 Oct Sell HoldHoldHoldSell
23 18 Oct Hold HoldHoldHoldNeutral
24 17 Oct Hold HoldHoldHoldNeutral
25 16 Oct Hold HoldHoldNeutralNeutral
26 15 Oct Sell HoldSellSellNeutral
27 14 Oct Sell SellNeutralHoldHold
28 11 Oct Hold NeutralHoldHoldHold
29 10 Oct Hold NeutralHoldHoldHold
30 09 Oct Hold NeutralHoldHoldHold

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