PROSHARES ULTRA BLOOMBERG NA (BOIL) Stock Technical Analysis
NYSEARCA:BOIL - NYSE Arca - US74347Y7489 - ETF - Currency: USD
Taking everything into account, BOIL scores 0 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.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, BOIL is a bad performer in the overall market: 86% 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.
BOIL has an average volume of 3244110 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month BOIL has a been trading in the 38.73 - 63.57 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BOIL has a poor technical rating and the quality of the setup is also not perfect 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
39.60
75.29
When analyzing the support we can see 2 important areas.
- Support @43.59 from a horizontal line in the weekly time frame.
- Support @40.00 from a trend line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 49.32 to 49.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @51.44 from a trend line in the daily time frame.
- A resistance zone ranging from 54.20 to 54.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @74.54 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 | 14.87 | NEGATIVE | BOIL has a low relative strength, it was outperformed by 85.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BOIL is above 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) | 50.13 | NEUTRAL | The RSI value for BOIL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.74 | POSITIVE | The MACD value suggests BOIL has a positive trend. |
| Stochastics (14,3) | 73.18 | NEUTRAL | The Stochastics value for BOIL is a neutral value. |
| Average True Range in percent/ATR (20) | 7.94 | HIGH VOLATILITY | The high ATR as a percentage value for BOIL suggests high volalility. |
| Average Directional Index/ADX (14) | 13.6 | 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)
49.31
+0.94 (+1.94%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.94%
1 Week13.1%
2 Weeks7.71%
1 Month-22.22%
3 Month-12.59%
6 Month-26.83%
12 Month-7.4%
2 Year-84.18%
3 Year-99.44%
5 Year-98.24%
10 Year-99.88%
15 YearN/A
Volatility
ATR(14)3.64
ATR(20)%7.94%
ATR Inc-31.38%
Range Today3.13
ADR(20)2.89
ADR(20)%5.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.87
Mansfield-1.92
10 Day High50.25
10 Day Low38.73
20 Day High63.57
20 Day Low38.73
52 Week High109.77
52 Week Low35.68
CS1 End43.59
CR1 Start49.32
Volume & EV
DER(3)1.66%
DER(5)2.9%
Volume2.60M
Volume Incr-22.01%
Vol(5)2.99M
Vol(50)3.24M