PROSHARES ULTRA SILVER (AGQ) Stock Technical Analysis
NYSEARCA:AGQ - NYSE Arca - US74347W3530 - ETF - Currency: USD
Taking everything into account, AGQ scores 5 out of 10 in our technical rating. In the last year, AGQ was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month AGQ has a been trading in the 37.95 - 42.10 range, which is quite wide. It is currently trading near the high of this range.
AGQ has an average volume of 2118970 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, AGQ turns out to be only a medium performer in the overall market: it outperformed 49% of all stocks.
AGQ is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so AGQ is lagging the market slightly.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
AGQ has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 39.95, a Stop Loss order could be placed below this zone.
More info and screens
31.80
47.33
When analyzing the support we can see 4 important areas.
- A support zone ranging from 39.79 to 39.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 38.14 to 38.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 33.67 to 34.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @32.12 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 46.69 to 46.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for AGQ is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AGQ is up. |
| ChartMill Relative Strength | 49.4 | NEUTRAL | AGQ is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AGQ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of AGQ is above a declining 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) | 55.23 | NEUTRAL | The RSI value for AGQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests AGQ has a positive trend. |
| Stochastics (14,3) | 83.68 | OVERBOUGHT | The high Stochastics value suggests AGQ may be overbought. |
| Average True Range in percent/ATR (20) | 3.42 | MEDIUM VOLATILITY | The ATR as a percentage value for AGQ suggests some volalility. |
| Average Directional Index/ADX (14) | 11.39 | NEGATIVE | The low ADX value for AGQ suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
41.58
+1.2 (+2.97%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2.97%
1 Week7.8%
2 Weeks4.39%
1 Month1.96%
3 Month-1.79%
6 Month4.6%
12 Month0.07%
2 Year42.79%
3 Year47.92%
5 Year39.16%
10 Year0.14%
15 Year-83.26%
Volatility
ATR(14)1.46
ATR(20)%3.42%
ATR Inc17.19%
Range Today1.29
ADR(20)1.07
ADR(20)%2.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS49.4
Mansfield0.42
10 Day High41.9
10 Day Low38
20 Day High42.1
20 Day Low37.95
52 Week High50.13
52 Week Low30.26
CS1 End39.95
CR1 Start46.69
Volume & EV
DER(3)-1.03%
DER(5)0.13%
Volume1.53M
Volume Incr4.26%
Vol(5)1.67M
Vol(50)2.12M