Free PHLX Oil Service Index (OSX) Technical Analysis Signals

Overal Signal
Sell
Signals
Neutral Neutral Sell Sell
Last Update / Period
15 Feb / Daily
Category/Currency
Indexes/USD
Exchange/Country
NIM/--

PHLX Oil Service Index (OSX) signal with technical analysis on 15 Feb

On 15 Feb, we conducted a comprehensive technical analysis of PHLX Oil Service Index (OSX), considering 256 signals with intricate details. Here are the key findings: 51 signals suggested buy strategies, while 86 indicated sell strategies. The remaining 119 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: 15
Sell Signals: 17
Neutral Signals: 32
Result: This strategy leads to a Neutral position.

Strategy 2:
Buy Signals: 20
Sell Signals: 14
Neutral Signals: 30
Result: This strategy leads to a Neutral position.

Strategy 3:
Buy Signals: 13
Sell Signals: 24
Neutral Signals: 27
Result: This strategy leads to a Sell position.

Strategy 4:
Buy Signals: 3
Sell Signals: 31
Neutral Signals: 30
Result: This strategy leads to a Sell position.

Overall Strategy:
Buy Signals: 51
Sell Signals: 86
Neutral Signals: 119
Result: This strategy leads to a Sell 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 PHLX Oil Service Index (OSX) 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 PHLX Oil Service Index (OSX) on , there is a tendency towards a sell signal based on historical data and analysis. However, it’s crucial to remember that these signals are not guarantees. Make sure to carefully consider overall market conditions and align your decisions with your specific investment goals.

Based on the above signals and forecasts, we recommend the following strategies:
PHLX Oil Service Index (OSX) trading strategy for those in buy positions (long positions): If you are currently in a buy (long) position, it is advisable to identify the optimal time to exit your position based on a combination of technical signals. Those with a high risk tolerance may choose to wait and observe market movements over the next few days.
PHLX Oil Service Index (OSX) trading strategy for those in sell positions (short positions): If you are in a sell (short) position, holding your position may be the right strategy, as indicated by the consensus of our technical analysis. However, be cautious and monitor market developments closely.
For new positions: If you are not currently invested or considering switching to a sell (short) position, it’s recommended to assess the potential downside of 6.79% based on the lowest expected price range. Ensure that this aligns with your risk tolerance and objectives by conducting thorough research before entering a short position.

In all trading scenarios, a well-defined stop-loss strategy is critical to managing potential downside risks effectively.

Useful Tip: For long-term forecasting, we recommend using the "Predict-price" website, which offers both short-term and long-term predictions at no cost. This resource can support informed decision-making regarding your **PHLX Oil Service Index (OSX)** investments.

PHLX Oil Service Index (OSX) Price Analysis and Support Levels:

In our current PHLX Oil Service Index (OSX) position, we find ourselves in a short position, anticipating a potential downward trend. Understanding the key support levels is essential, as these serve as critical reference points for traders and investors to make informed decisions.

First Support Level: 71.2
We are closely monitoring the price at 71.2, the first support level. If the downward trend continues, breaching this level would signal strong selling pressure, suggesting the possibility of further price depreciation.

Second Support Level: 68.49
If the first support level is broken, the second support level at 68.49 becomes crucial. A break here would indicate stronger downward momentum, likely driven by market sentiment or external factors.

These support levels should be carefully considered within the context of broader market trends and indicators. By staying alert and consistently analyzing the market, you can make well-informed decisions while trading PHLX Oil Service Index (OSX). Keeping these support levels in mind will help you adapt to the dynamic nature of the market and make smarter trading choices.

PHLX Oil Service Index (OSX) technical analysis chart

PHLX Oil Service Index (OSX) support and resistance levels

Name Level1 Level2 Level3 Level4 Level5
Resistance 75.8 77.14 79 93.45 96.07
Support 71.2 68.49 -- -- --
 PHLX Oil Service Index (OSX) Support and Resistance area (15 Feb)

PHLX Oil Service Index (OSX) signals list for 15 Feb

Overall Signals
Signal 1 Signal 2
Signal 3 Signal 4

PHLX Oil Service Index (OSX) candlestick patterns on 15 Feb

Today's PHLX Oil Service Index (OSX) Candle Patterns List:

Closing Marubozu Dark Cloud Cover

PHLX Oil Service Index (OSX) technical analysis over the past days

# Date Overal Signals ALL Signals
1 14 Feb Sell NeutralNeutralSellSell
2 13 Feb Buy BuyNeutralNeutralNeutral
3 12 Feb Sell NeutralSellSellHold
4 11 Feb Buy BuyNeutralNeutralHold
5 10 Feb Hold NeutralNeutralHoldHold
6 07 Feb Hold HoldHoldHoldHold
7 06 Feb Sell SellSellSellSell
8 05 Feb Buy BuyNeutralNeutralNeutral
9 04 Feb Hold NeutralHoldHoldNeutral
10 03 Feb Hold HoldHoldHoldHold
11 31 Jan Hold HoldHoldHoldHold
12 30 Jan Hold HoldHoldHoldNeutral
13 29 Jan Hold HoldHoldHoldHold
14 28 Jan Sell HoldHoldSellNeutral
15 27 Jan Sell HoldNeutralNeutralNeutral
16 24 Jan Neutral HoldNeutralHoldHold
17 23 Jan Sell SellHoldHoldHold
18 22 Jan Hold NeutralHoldHoldHold
19 21 Jan Hold HoldHoldHoldHold
20 17 Jan Hold HoldHoldHoldHold
21 16 Jan Hold HoldHoldHoldHold
22 15 Jan Hold HoldHoldHoldHold
23 14 Jan Buy BuyHoldHoldNeutral
24 13 Jan Buy NeutralHoldBuyNeutral
25 10 Jan Sell SellHoldNeutralNeutral
26 08 Jan Hold NeutralHoldNeutralNeutral
27 07 Jan Buy HoldHoldHoldBuy
28 06 Jan Hold HoldHoldHoldNeutral
29 03 Jan Hold HoldHoldHoldNeutral
30 02 Jan Buy HoldHoldNeutralNeutral

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