OILD Stock Summary and Trading Ideas (Microsectors Oil & Gas Exploration & Production 3X Leveraged ETN | ARCA:OILD)

The MicroSectors Oil & Gas Exploration & Production Exchange Traded Note is linked to the performance of the Solactive MicroSectors Oil & Gas Exploration & Production Index. The Solactive MicroSectors Oil & Gas Exploration & Production Index measures the performance of 25 large capitalization companies that are domiciled and listed in the U.S., and active in the exploration and production of oil and gas. The Index s underlying composition is weighted by average daily value traded.

Microsectors Oil & Gas Exploration & Production 3X Leveraged ETN trades on the ARCA stock market under the symbol OILD.

As of April 17, 2024, OILD stock price climbed to $14.22 with 43,348 million shares trading.

OILD has a beta of -1.61, meaning it tends to be less sensitive to market movements. OILD has a correlation of 0.10 to the broad based SPY ETF.

OILD has a market cap of $14.22 million. This is considered a Sub-Micro Cap stock.

OILD has underperformed the market in the last year with a return of -37.2%, while the SPY ETF gained +23.0%. In the last 3 month period, OILD fell short of the market, returning -37.9%, while SPY returned +5.7%. However, in the most recent 2 weeks OILD has outperformed the stock market by returning +7.2%, while SPY returned -3.5%.

OILD support price is $13.65 and resistance is $14.53 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that OILD stock will trade within this expected range on the day.