PROSH ULTRAPRO SHORT S&P 500 (SPXU) Stock Technical Analysis
NYSEARCA:SPXU - NYSE Arca - US74349Y8451 - ETF - Currency: USD
We assign a technical rating of 0 out of 10 to SPXU. SPXU 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.
91% of all other stocks performed better in the past year than SPXU.
SPXU is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so SPXU is lagging the market.
SPXU is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
SPXU has an average volume of 17132900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although the technical rating is bad, SPXU does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
18.10
32.77
When analyzing the support we can see 2 important areas.
- A support zone ranging from 18.67 to 18.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @18.28 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- Resistance @20.62 from a horizontal line in the daily time frame.
- Resistance @23.04 from a horizontal line in the daily time frame.
- Resistance @28.51 from a trend line in the weekly time frame.
- Resistance @32.45 from a trend line in the weekly 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 | DOWN | NEGATIVE | The long term trend for SPXU is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SPXU is down. |
| ChartMill Relative Strength | 9.11 | NEGATIVE | SPXU has a low relative strength, it was outperformed by 90.89% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SPXU is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SPXU is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SPXU is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.31 | NEUTRAL | The RSI value for SPXU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests SPXU has a positive trend. |
| Stochastics (14,3) | 27.85 | NEUTRAL | The Stochastics value for SPXU is a neutral value. |
| Average True Range in percent/ATR (20) | 3.38 | MEDIUM VOLATILITY | The ATR as a percentage value for SPXU suggests some volalility. |
| Average Directional Index/ADX (14) | 13.34 | NEGATIVE | The low ADX value for SPXU 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)
NYSEARCA:SPXU (6/20/2025, 2:22:09 PM)
18.96
+0.07 (+0.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.37%
1 Week2.22%
2 Weeks-0.37%
1 Month-1.67%
3 Month-24.95%
6 Month-15.71%
12 Month-35.55%
2 Year-64.56%
3 Year-81.32%
5 Year-93.6%
10 Year-99.46%
15 Year-99.98%
Volatility
ATR(14)0.56
ATR(20)%3.38%
ATR Inc-12.84%
Range Today0.63
ADR(20)0.55
ADR(20)%2.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.11
Mansfield-2.48
10 Day High19.42
10 Day Low18.14
20 Day High21
20 Day Low18.14
52 Week High38.25
52 Week Low18.14
CS1 End18.28
CR1 Start20.62
Volume & EV
DER(3)2.92%
DER(5)0.29%
Volume11.84M
Volume Incr13.18%
Vol(5)16.53M
Vol(50)17.13M