PROSHARES ULTRA SOLANA ETF (SLON) Technical Analysis
NYSEARCA:SLON • US74349Y6471
Current stock price
SLON Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to SLON. SLON 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, SLON is a bad performer in the overall market: 100% of all stocks are doing better.
- In the last month SLON has a been trading in the 4.30 - 6.88 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
SLON Weekly and Daily overview Charts
SLON Setup Rating and Analysis
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
SLON Support and Resistance Analysis
4.52
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 5.70 to 5.79. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @8.46 from a trend line in the daily time frame.
SLON 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 SLON is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SLON is down. |
| 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) | DOWN | NEGATIVE | The current price of SLON is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SLON is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 36.49 | NEUTRAL | The RSI value for SLON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests SLON has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 14.43 | OVERSOLD | The low Stochastics value suggests SLON may be oversold. |
| Average True Range in percent/ATR (20) | 11.82 | HIGH VOLATILITY | The high ATR as a percentage value for SLON suggests high volalility. |
| Average Directional Index/ADX (14) | 18.98 | NEGATIVE | The low ADX value for SLON suggests a weak or negative trend. |
SLON Chart- and CandleStick Pattern Analysis
SLON Technicals: Chart, Performance Metrics, Trend & Indicators
4.57
-0.59 (-11.43%)
PROSHARES ULTRA SOLANA ETF / SLON TA FAQ
Can you provide the ChartMill technical rating for PROSHARES ULTRA SOLANA ETF?
ChartMill assigns a technical rating of 0 / 10 to SLON.
Can you provide the trend direction for PROSHARES ULTRA SOLANA ETF?
The current trend direction for PROSHARES ULTRA SOLANA ETF (SLON) is Bearish.
What is the RSI signal for SLON stock?
PROSHARES ULTRA SOLANA ETF (SLON) has an RSI value of 36.4894. This indicates that the stock is currently neutral.
What is the short term momentum for PROSHARES ULTRA SOLANA ETF (SLON) stock?
The short term momentum for PROSHARES ULTRA SOLANA ETF (SLON) is negative.
Can you provide the support and resistance levels for PROSHARES ULTRA SOLANA ETF?
PROSHARES ULTRA SOLANA ETF (SLON) has a resistance level at 5.7. Check the full technical report for our detailed analysis of SLON support and resistance levels.