PROSHARES ULTRA BLOOMBERG NA (BOIL) Stock Technical Analysis
NYSEARCA:BOIL - NYSE Arca - US74347Y7489 - ETF - Currency: USD
Overall BOIL gets a technical rating of 0 out of 10. 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.
97% 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 29.36 - 50.25 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
BOIL has an average volume of 4257170 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
29.66
41.08
We can see 3 important resistance areas.
- A resistance zone ranging from 36.63 to 36.70. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @39.34 from a trend line in the weekly time frame.
- Resistance @40.67 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 | DOWN | NEGATIVE | The short term trend for BOIL is down. |
| ChartMill Relative Strength | 3.85 | NEGATIVE | BOIL has a low relative strength, it was outperformed by 96.15% 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) | 32.17 | NEUTRAL | The RSI value for BOIL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests BOIL has a negative trend. |
| Stochastics (14,3) | 10.51 | OVERSOLD | The low Stochastics value suggests BOIL may be oversold. |
| Average True Range in percent/ATR (20) | 9.31 | HIGH VOLATILITY | The high ATR as a percentage value for BOIL suggests high volalility. |
| Average Directional Index/ADX (14) | 27.76 | POSITIVE | The high ADX value value for BOIL suggests a strong 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)
29.96
+0.34 (+1.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.15%
1 Week-15.34%
2 Weeks-13.08%
1 Month-38.81%
3 Month-46.46%
6 Month-59.54%
12 Month-37.71%
2 Year-90.43%
3 Year-99.71%
5 Year-99.37%
10 Year-99.92%
15 YearN/A
Volatility
ATR(14)2.42
ATR(20)%9.31%
ATR Inc-10.01%
Range Today1.03
ADR(20)2
ADR(20)%6.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS3.85
Mansfield-5.09
10 Day High36.93
10 Day Low29.36
20 Day High50.25
20 Day Low29.36
52 Week High109.77
52 Week Low29.36
CS1 EndN/A
CR1 Start36.63
Volume & EV
DER(3)-1.57%
DER(5)-0.92%
Volume4.74M
Volume Incr17.54%
Vol(5)5.62M
Vol(50)4.26M