PROSHARES ULTRA SILVER (AGQ) Stock Technical Analysis
USA - NYSEARCA:AGQ - US74347W3530 - ETF
Overall AGQ gets a technical rating of 10 out of 10. Both in the recent history as in the last year, AGQ has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although AGQ has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
31.80
4 important support areas can be observed.
- Support @76.74 from a trend line in the daily time frame.
- A support zone ranging from 73.79 to 74.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @60.12 from a trend line in the daily time frame.
- Support @32.12 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for AGQ is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AGQ is up. |
| ChartMill Relative Strength | 96.49 | POSITIVE | AGQ has a high relative strength, it outperformed 96.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of AGQ is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AGQ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AGQ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.32 | NEUTRAL | The RSI value for AGQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.31 | NEGATIVE | The MACD value suggests AGQ has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 65.26 | NEUTRAL | The Stochastics value for AGQ is a neutral value. |
| Average True Range in percent/ATR (20) | 6.2 | HIGH VOLATILITY | The high ATR as a percentage value for AGQ suggests high volalility. |
| Average Directional Index/ADX (14) | 19.83 | NEGATIVE | The low ADX value for AGQ suggests a weak or negative trend. |
86.21
+6.86 (+8.65%)
PROSHARES ULTRA SILVER / AGQ FAQ
What is the ChartMill technical rating of PROSHARES ULTRA SILVER (AGQ) stock?
ChartMill assigns a technical rating of 10 / 10 to AGQ.
Can you provide the trend direction for PROSHARES ULTRA SILVER?
The current trend direction for PROSHARES ULTRA SILVER (AGQ) is Bullish.
Can you provide the RSI signal for PROSHARES ULTRA SILVER?
PROSHARES ULTRA SILVER (AGQ) has an RSI value of 59.3165. This indicates that the stock is currently neutral.
Can you provide the short term momentum for PROSHARES ULTRA SILVER?
The short term momentum for PROSHARES ULTRA SILVER (AGQ) is positive.
What is the support and resistance level for AGQ stock?
PROSHARES ULTRA SILVER (AGQ) has a support level at 76.74. Check the full technical report for our detailed analysis of AGQ support and resistance levels.