PROSHARES ULTRASHORT EURO (EUO) Technical Analysis
NYSEARCA:EUO • US74347W8828
Current stock price
EUO Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to EUO. EUO 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.
- When comparing the yearly performance of all stocks, EUO is a bad performer in the overall market: 63% of all stocks are doing better.
- EUO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so EUO is lagging the market.
- In the last month EUO has a been trading in the 27.85 - 30.17 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
EUO Weekly and Daily overview Charts
EUO Setup Rating and Analysis
EUO 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
EUO Support and Resistance Analysis
26.86
2 important support areas can be observed.
- A support zone ranging from 28.27 to 28.64. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 27.13 to 27.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 28.94 to 29.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 30.24 to 30.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
EUO Technical Indicator Signal Analysis
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 EUO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EUO is down. |
| ChartMill Relative Strength | 37.02 | NEUTRAL | EUO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EUO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of EUO is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EUO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.27 | NEUTRAL | The RSI value for EUO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests EUO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.66 | NEUTRAL | The Stochastics value for EUO is a neutral value. |
| Average True Range in percent/ATR (20) | 1.27 | LOW VOLATILITY | The low ATR as a percentage value for EUO suggests low volalility. |
| Average Directional Index/ADX (14) | 24.06 | NEUTRAL | The ADX value for EUO suggests a possible start of a new trend. |
EUO Chart- and CandleStick Pattern Analysis
EUO Technicals: Chart, Performance Metrics, Trend & Indicators
NYSEARCA:EUO (4/22/2026, 1:02:22 PM)
28.85
+0.08 (+0.28%)
PROSHARES ULTRASHORT EURO / EUO TA FAQ
Can you provide the ChartMill technical rating for PROSHARES ULTRASHORT EURO?
ChartMill assigns a technical rating of 1 / 10 to EUO.
Can you provide the trend direction for PROSHARES ULTRASHORT EURO?
The current trend direction for PROSHARES ULTRASHORT EURO (EUO) is Bearish.
What is the RSI signal for EUO stock?
PROSHARES ULTRASHORT EURO (EUO) has an RSI value of 45.2655. This indicates that the stock is currently neutral.
What is the short term momentum for EUO stock?
The short term momentum for PROSHARES ULTRASHORT EURO (EUO) is negative.
What is the support and resistance level for EUO stock?
PROSHARES ULTRASHORT EURO (EUO) has a support level at 28.64 and a resistance level at 28.94. Check the full technical report for our detailed analysis of EUO support and resistance levels.