Overall BOIL gets a technical rating of 2 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. BOIL was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, BOIL is a bad performer in the overall market: 90% of all stocks are doing better.
- BOIL 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.
- In the last month BOIL has a been trading in the 15.20 - 29.90 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- BOIL has an average volume of 11677200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of BOIL is bad and it also does not present a 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
28.02
4 important resistance areas can be observed.
- Resistance @33.44 from a trend line in the weekly time frame.
- Resistance @37.90 from a trend line in the daily time frame.
- Resistance @38.68 from a trend line in the weekly time frame.
- Resistance @41.76 from a trend line 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 | UP | POSITIVE | The short term trend for BOIL is up. |
| ChartMill Relative Strength | 10.58 | NEGATIVE | BOIL has a low relative strength, it was outperformed by 89.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BOIL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of BOIL is above 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) | 59.57 | NEUTRAL | The RSI value for BOIL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.5 | POSITIVE | The MACD value suggests BOIL has a positive trend. |
| Stochastics (14,3) | 87.07 | OVERBOUGHT | The high Stochastics value suggests BOIL may be overbought. |
| Average True Range in percent/ATR (20) | 8.5 | HIGH VOLATILITY | The high ATR as a percentage value for BOIL suggests high volalility. |
| Average Directional Index/ADX (14) | 24.75 | NEUTRAL | The ADX value for BOIL suggests a possible start of a new trend. |
28.3
+2.15 (+8.22%)
PROSHARES ULTRA BLOOMBERG NA / BOIL FAQ
What is the technical rating for BOIL stock?
ChartMill assigns a technical rating of 2 / 10 to BOIL.
Can you provide the trend direction for PROSHARES ULTRA BLOOMBERG NA?
The current trend direction for PROSHARES ULTRA BLOOMBERG NA (BOIL) is Bearish.
What is the RSI signal for PROSHARES ULTRA BLOOMBERG NA (BOIL) stock?
PROSHARES ULTRA BLOOMBERG NA (BOIL) has an RSI value of 59.571. This indicates that the stock is currently neutral.
Can you provide the short term momentum for PROSHARES ULTRA BLOOMBERG NA?
The short term momentum for PROSHARES ULTRA BLOOMBERG NA (BOIL) is positive.
What are the support and resistance levels for PROSHARES ULTRA BLOOMBERG NA (BOIL) stock?
PROSHARES ULTRA BLOOMBERG NA (BOIL) has a resistance level at 33.44. Check the full technical report for our detailed analysis of BOIL support and resistance levels.