PROSHARES ULTRA SOLANA ETF (SLON) Stock Technical Analysis
USA - NYSEARCA:SLON - US74349Y6471 - ETF
56.47 USD
+4.75 (+9.18%)
59.1 USD
+2.63 (+4.66%)
Overall SLON gets a technical rating of 3 out of 10. SLON performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
When comparing the yearly performance of all stocks, SLON is a bad performer in the overall market: 100% of all stocks are doing better.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
In the last month SLON has a been trading in the 44.71 - 79.06 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
The technical rating of SLON is bad and it also does not present a quality setup 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
47.60
57.50
When analyzing the support we notice one important area.
- A support zone ranging from 48.08 to 48.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 56.48 to 56.93. This zone is formed by a combination of multiple trend lines and important moving averages 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 SLON is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SLON is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | SLON has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SLON is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SLON is above a declining SMA(50). |
| Relative Strength Index/RSI (14) | 50.26 | NEUTRAL | The RSI value for SLON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.1 | NEGATIVE | The MACD value suggests SLON has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.45 | NEUTRAL | The Stochastics value for SLON is a neutral value. |
| Average True Range in percent/ATR (20) | 10.48 | HIGH VOLATILITY | The high ATR as a percentage value for SLON suggests high volalility. |
| Average Directional Index/ADX (14) | 17.94 | NEGATIVE | The low ADX value for SLON 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)
56.47
+4.75 (+9.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg9.18%
1 Week3.01%
2 Weeks-19.67%
1 Month0.93%
3 MonthN/A
6 MonthN/A
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)6.47
ATR(20)%10.48%
ATR Inc-25.25%
Range Today1.52
ADR(20)3.64
ADR(20)%6.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High79.06
10 Day Low44.71
20 Day High79.06
20 Day Low44.71
52 Week HighN/A
52 Week LowN/A
CS1 End48.29
CR1 Start56.48
Volume & EV
DER(3)7.17%
DER(5)5.94%
Volume190.70K
Volume Incr33.72%
Vol(5)253.64K
Vol(50)172.15K