PROSHARES ULTRA BLOOMBERG NA (BOIL) Stock Technical Analysis
USA - NYSEARCA:BOIL - US74347Y7489 - ETF
27.31 USD
-0.51 (-1.83%)
27.36 USD
+0.05 (+0.18%)
Taking everything into account, BOIL scores 0 out of 10 in our technical rating. 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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
98% of all other stocks performed better in the past year than BOIL.
BOIL is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month BOIL has a been trading in the 25.57 - 31.89 range, which is quite wide. It is currently trading near the lows of this range.
BOIL has an average volume of 5509050 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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
26.84
31.99
When analyzing the support we notice one important area.
- A support zone ranging from 27.11 to 27.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 31.05 to 31.05. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 31.58 to 31.67. This zone is formed by a combination of multiple trend lines and important moving averages in the daily 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 | DOWN | NEGATIVE | The long term trend for BOIL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BOIL is down. |
| ChartMill Relative Strength | 2.34 | NEGATIVE | BOIL has a low relative strength, it was outperformed by 97.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BOIL is below a declining 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) | DOWN | NEGATIVE | The current price of BOIL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.54 | NEUTRAL | The RSI value for BOIL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests BOIL has a positive trend. |
| Stochastics (14,3) | 28.54 | NEUTRAL | The Stochastics value for BOIL is a neutral value. |
| Average True Range in percent/ATR (20) | 5.83 | HIGH VOLATILITY | The high ATR as a percentage value for BOIL suggests high volalility. |
| Average Directional Index/ADX (14) | 20.36 | NEUTRAL | The ADX value for BOIL suggests a possible start of a new 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)
27.31
-0.51 (-1.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.83%
1 Week-1.59%
2 Weeks-1.76%
1 Month-6.12%
3 Month-49.24%
6 Month-67.39%
12 Month-53.16%
2 Year-89.96%
3 Year-99.49%
5 Year-99.21%
10 Year-99.92%
15 YearN/A
Volatility
ATR(14)1.52
ATR(20)%5.83%
ATR Inc15.32%
Range Today1.57
ADR(20)1.45
ADR(20)%5.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.34
Mansfield-5.39
10 Day High31.69
10 Day Low25.57
20 Day High31.89
20 Day Low25.57
52 Week High109.77
52 Week Low25.57
CS1 End27.13
CR1 Start31.05
Volume & EV
DER(3)-1.2%
DER(5)-2.65%
Volume6.97M
Volume Incr16.56%
Vol(5)6.22M
Vol(50)5.51M