PROSHARES ULTRA BLOOMBERG NA (BOIL) Stock Technical Analysis
USA - NYSEARCA:BOIL - US74347Y7489 - ETF
Taking everything into account, BOIL scores 1 out of 10 in our technical rating. BOIL's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
BOIL has a poor technical rating and the quality of the setup is also only medium 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
28.58
We found 1 important support area.
- A support zone ranging from 28.87 to 29.36. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 29.44 to 29.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @33.18 from a horizontal line in the daily time frame.
- Resistance @55.55 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 | DOWN | NEGATIVE | The long term trend for BOIL is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BOIL is neutral. |
| ChartMill Relative Strength | 7.99 | NEGATIVE | BOIL has a low relative strength, it was outperformed by 92.01% 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) | 51.75 | NEUTRAL | The RSI value for BOIL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.29 | POSITIVE | The MACD value suggests BOIL has a positive trend. |
| Stochastics (14,3) | 55.39 | NEUTRAL | The Stochastics value for BOIL is a neutral value. |
| Average True Range in percent/ATR (20) | 6.49 | HIGH VOLATILITY | The high ATR as a percentage value for BOIL suggests high volalility. |
| Average Directional Index/ADX (14) | 13.53 | NEGATIVE | The low ADX value for BOIL suggests a weak or negative trend. |
29.37
-0.01 (-0.03%)
PROSHARES ULTRA BLOOMBERG NA / BOIL FAQ
What is the technical rating for BOIL stock?
ChartMill assigns a technical rating of 1 / 10 to BOIL.
What is the trend direction for BOIL stock?
The current trend direction for PROSHARES ULTRA BLOOMBERG NA (BOIL) is Bearish.
Can you provide the RSI signal for PROSHARES ULTRA BLOOMBERG NA?
PROSHARES ULTRA BLOOMBERG NA (BOIL) has an RSI value of 51.7481. This indicates that the stock is currently neutral.
What is the MACD signal for BOIL stock?
The MACD indicator for PROSHARES ULTRA BLOOMBERG NA (BOIL) has a value of 0.286451, indicating a bearish trend.
Can you provide the short term momentum for PROSHARES ULTRA BLOOMBERG NA?
The short term momentum for PROSHARES ULTRA BLOOMBERG NA (BOIL) is neutral.