PROSHARES ULTRA SILVER (AGQ) Technical Analysis
NYSEARCA:AGQ • US74347W3530
Current stock price
AGQ Technical Rating and Analysis
Taking everything into account, AGQ scores 4 out of 10 in our technical rating. Although AGQ is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- AGQ is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- AGQ has an average volume of 5231230 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- When comparing the yearly performance of all stocks, we notice that AGQ is one of the better performing stocks in the market, outperforming 92% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- In the last month AGQ has a been trading in the 93.77 - 143.85 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
AGQ Weekly and Daily overview Charts
AGQ Setup Rating and Analysis
AGQ has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
AGQ Support and Resistance Analysis
99.40
3 important support areas can be observed.
- A support zone ranging from 117.43 to 119.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @104.66 from a trend line in the weekly time frame.
- Support @100.40 from a trend line in the daily time frame.
AGQ Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The short term trend for AGQ is neutral. |
| ChartMill Relative Strength | 92.69 | POSITIVE | AGQ has a high relative strength, it outperformed 92.69% off all stocks 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 | NEGATIVE | The current price of AGQ is below 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) | 45.61 | NEUTRAL | The RSI value for AGQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 3.31 | POSITIVE | The MACD value suggests AGQ has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.82 | NEUTRAL | The Stochastics value for AGQ is a neutral value. |
| Average True Range in percent/ATR (20) | 8.4 | HIGH VOLATILITY | The high ATR as a percentage value for AGQ suggests high volalility. |
| Average Directional Index/ADX (14) | 14.27 | NEGATIVE | The low ADX value for AGQ suggests a weak or negative trend. |
AGQ Chart- and CandleStick Pattern Analysis
AGQ Technicals: Chart, Performance Metrics, Trend & Indicators
119.05
-13.53 (-10.21%)
PROSHARES ULTRA SILVER / AGQ TA FAQ
What is the ChartMill technical rating of PROSHARES ULTRA SILVER (AGQ) stock?
ChartMill assigns a technical rating of 4 / 10 to AGQ.
What is the trend direction for AGQ stock?
The current trend direction for PROSHARES ULTRA SILVER (AGQ) is Bearish.
What is the RSI signal for AGQ stock?
PROSHARES ULTRA SILVER (AGQ) has an RSI value of 45.6066. 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 neutral.
What are the support and resistance levels for PROSHARES ULTRA SILVER (AGQ) stock?
PROSHARES ULTRA SILVER (AGQ) has a support level at 119.04. Check the full technical report for our detailed analysis of AGQ support and resistance levels.