PROSHARES ULTRA S&P500 (SSO) Technical Analysis
NYSEARCA:SSO • US74347R1077
Current stock price
SSO Technical Rating and Analysis
Overall SSO gets a technical rating of 2 out of 10. Although SSO is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Looking at the yearly performance, SSO did better than 74% of all other stocks.
- SSO is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so SSO is performing more or less in line with the market.
- SSO has an average volume of 4535420 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- In the last month SSO has a been trading in the 53.74 - 59.32 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SSO Weekly and Daily overview Charts
SSO Setup Rating and Analysis
SSO has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 53.87, a Stop Loss order could be placed below this zone.
More info and screens
SSO Support and Resistance Analysis
51.32
When analyzing the support we can see 2 important areas.
- A support zone ranging from 53.87 to 53.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @51.84 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 59.33 to 60.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
SSO 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 | NEUTRAL | NEUTRAL | The long term trend for SSO is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SSO is down. |
| ChartMill Relative Strength | 74.55 | POSITIVE | SSO has a high relative strength, it outperformed 74.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SSO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SSO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SSO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.19 | NEUTRAL | The RSI value for SSO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.25 | NEGATIVE | The MACD value suggests SSO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17.17 | OVERSOLD | The low Stochastics value suggests SSO may be oversold. |
| Average True Range in percent/ATR (20) | 2.82 | MEDIUM VOLATILITY | The ATR as a percentage value for SSO suggests some volalility. |
| Average Directional Index/ADX (14) | 30.29 | POSITIVE | The high ADX value value for SSO suggests a strong trend. |
SSO Chart- and CandleStick Pattern Analysis
SSO Technicals: Chart, Performance Metrics, Trend & Indicators
55.25
+0.3 (+0.55%)
PROSHARES ULTRA S&P500 / SSO TA FAQ
What is the technical rating for SSO stock?
ChartMill assigns a technical rating of 2 / 10 to SSO.
Can you provide the trend direction for PROSHARES ULTRA S&P500?
The current trend direction for PROSHARES ULTRA S&P500 (SSO) is Bearish.
What is the RSI signal for PROSHARES ULTRA S&P500 (SSO) stock?
PROSHARES ULTRA S&P500 (SSO) has an RSI value of 41.1871. This indicates that the stock is currently neutral.
Can you provide the MACD signal for PROSHARES ULTRA S&P500?
The MACD indicator for PROSHARES ULTRA S&P500 (SSO) has a value of -0.247608, indicating a bearish trend.
Can you provide the support and resistance levels for PROSHARES ULTRA S&P500?
PROSHARES ULTRA S&P500 (SSO) has a support level at 53.87 and a resistance level at 59.33. Check the full technical report for our detailed analysis of SSO support and resistance levels.