PROSHARES ULTRA BLOOMBERG NA (BOIL) Stock Technical Analysis
NYSEARCA:BOIL - NYSE Arca - US74347Y7489 - ETF - Currency: USD
We assign a technical rating of 1 out of 10 to BOIL. BOIL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
When comparing the yearly performance of all stocks, BOIL is a bad performer in the overall market: 91% of all stocks are doing better.
BOIL is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BOIL is lagging the market.
BOIL has an average volume of 2227080 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
In the last month BOIL has a been trading in the 48.70 - 70.40 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
The technical rating of BOIL is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
47.45
86.24
When analyzing the support we can see 3 important areas.
- Support @50.92 from a trend line in the weekly time frame.
- A support zone ranging from 48.78 to 49.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 47.93 to 47.94. This zone is formed by a combination of multiple trend lines in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 57.23 to 57.69. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @61.26 from a trend line in the daily time frame.
- A resistance zone ranging from 63.22 to 64.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @85.39 from a trend 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 | NEUTRAL | NEUTRAL | The long term trend for BOIL is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BOIL is down. |
| ChartMill Relative Strength | 9.31 | NEGATIVE | BOIL has a low relative strength, it was outperformed by 90.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BOIL is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BOIL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of BOIL is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.37 | NEUTRAL | The RSI value for BOIL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests BOIL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.12 | NEUTRAL | The Stochastics value for BOIL is a neutral value. |
| Average True Range in percent/ATR (20) | 8.77 | HIGH VOLATILITY | The high ATR as a percentage value for BOIL suggests high volalility. |
| Average Directional Index/ADX (14) | 16.89 | NEGATIVE | The low ADX value for BOIL 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)
56.09
+1.26 (+2.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2.3%
1 Week0.23%
2 Weeks-19.36%
1 Month14.96%
3 Month-38.27%
6 Month23.17%
12 Month-41.02%
2 Year-78.09%
3 Year-99.46%
5 Year-98.44%
10 Year-99.86%
15 YearN/A
Volatility
ATR(14)4.78
ATR(20)%8.77%
ATR Inc-45%
Range Today2.19
ADR(20)3.77
ADR(20)%6.72%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.31
Mansfield-0.93
10 Day High66.82
10 Day Low48.7
20 Day High70.4
20 Day Low48.7
52 Week High118.5
52 Week Low35.68
CS1 End50.92
CR1 Start57.23
Volume & EV
DER(3)3.79%
DER(5)1.32%
Volume2.90M
Volume Incr32.91%
Vol(5)3.30M
Vol(50)2.23M