Taking everything into account, EUFX scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, EUFX has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although EUFX has an excellent technical rating, it does not present a decent entry opportunity 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.
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43.67
When analyzing the support we can see 2 important areas.
- A support zone ranging from 46.75 to 47.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 44.11 to 45.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for EUFX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EUFX is up. |
| ChartMill Relative Strength | 92.37 | POSITIVE | EUFX has a high relative strength, it outperformed 92.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EUFX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EUFX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EUFX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 72.27 | OVERBOUGHT | The high RSI value suggests EUFX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests EUFX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.77 | OVERBOUGHT | The high Stochastics value suggests EUFX may be overbought. |
| Average True Range in percent/ATR (20) | 0.51 | LOW VOLATILITY | The low ATR as a percentage value for EUFX suggests low volalility. |
NYSEARCA:EUFX (5/2/2022, 8:04:00 PM)
48.535
+0.07 (+0.15%)
PROSHARES SHORT EURO ETF / EUFX FAQ
Can you provide the ChartMill technical rating for PROSHARES SHORT EURO ETF?
ChartMill assigns a technical rating of 10 / 10 to EUFX.
Can you provide the trend direction for PROSHARES SHORT EURO ETF?
The current trend direction for PROSHARES SHORT EURO ETF (EUFX) is Bullish.
What is the RSI signal for EUFX stock?
PROSHARES SHORT EURO ETF (EUFX) has an RSI value of 72.2656. This indicates that the stock is currently overbought.
What is the MACD signal for EUFX stock?
The MACD indicator for PROSHARES SHORT EURO ETF (EUFX) has a value of 0.114529, indicating a bearish trend.
What is the support and resistance level for EUFX stock?
PROSHARES SHORT EURO ETF (EUFX) has a support level at 47.92. Check the full technical report for our detailed analysis of EUFX support and resistance levels.