PROSHARES R2000 HI INCOM ETF (ITWO) Stock Technical Analysis
NYSEARCA:ITWO - NYSE Arca - US74349Y7875 - ETF - Currency: USD
Taking everything into account, ITWO scores 4 out of 10 in our technical rating. ITWO has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
ITWO has an average technical rating and the quality of the presented setup is also not ideal 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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34.69
When analyzing the support we notice one important area.
- A support zone ranging from 35.04 to 35.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 35.89 to 35.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @41.43 from a horizontal line in the daily 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 | UP | POSITIVE | The long term trend for ITWO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ITWO is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | ITWO has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ITWO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ITWO is above a declining SMA(50). |
| Relative Strength Index/RSI (14) | 62.07 | NEUTRAL | The RSI value for ITWO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests ITWO has a positive trend. |
| Stochastics (14,3) | 90.09 | OVERBOUGHT | The high Stochastics value suggests ITWO may be overbought. |
| Average True Range in percent/ATR (20) | 1.25 | LOW VOLATILITY | The low ATR as a percentage value for ITWO suggests low volalility. |
| Average Directional Index/ADX (14) | 12.09 | NEGATIVE | The low ADX value for ITWO suggests a weak or negative trend. |
NYSEARCA:ITWO (6/11/2025, 4:15:01 PM)
35.8787
-0.03 (-0.09%)