PROSHARES SHORT EURO ETF (EUFX) Stock Technical Analysis
USA - NYSEARCA:EUFX - US74347W7424 - ETF
48.535
+0.07 (+0.15%)
We assign a technical rating of 10 out of 10 to EUFX. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, EUFX is showing a nice and steady performance.
Warning: EUFX has an average volume of 2428 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that EUFX is one of the better performing stocks in the market, outperforming 92% of all stocks. We also observe that the gains produced by EUFX over the past year are nicely spread over this period.
A new 52 week high is currently being made by EUFX, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month EUFX has a been trading in a tight range between 46.52 and 48.76.
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.
More info and screens
43.67
49.02
We found 2 important support 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. |
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)
NYSEARCA:EUFX (5/2/2022, 8:04:00 PM)
48.535
+0.07 (+0.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.15%
1 Week1.5%
2 Weeks2.33%
1 Month4.75%
3 Month8.77%
6 Month9.71%
12 Month15.39%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.28
ATR(20)%0.51%
ATR Inc34.47%
Range Today0.46
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.37
Mansfield1.61
10 Day High48.76
10 Day Low47.13
20 Day High48.76
20 Day Low46.52
52 Week High48.76
52 Week Low41.79
CS1 End47.92
CR1 StartN/A
Volume & EV
DER(3)1.45%
DER(5)0.87%
Volume4.60K
Volume Incr-29.74%
Vol(5)1.76K
Vol(50)2.43K