Taking everything into account, SSO scores 4 out of 10 in our technical rating. In the last year, SSO was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
- SSO is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month SSO has a been trading in the 56.53 - 60.37 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- SSO has an average volume of 3624600 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, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- When comparing the performance of all stocks over the past year, SSO turns out to be only a medium performer in the overall market: it outperformed 67% of all stocks.
- Volume is considerably higher in the last couple of days.
SSO 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.
More info and screens
34.20
4 important support areas can be observed.
- A support zone ranging from 56.06 to 58.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 54.76 to 54.81. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @53.20 from a horizontal line in the daily time frame.
- Support @34.55 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 59.12 to 60.09. 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 SSO is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SSO is down. |
| ChartMill Relative Strength | 67.4 | NEUTRAL | SSO is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of SSO is above the rising 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) | 37.77 | 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. |
| Stochastics (14,3) | 35.39 | NEUTRAL | The Stochastics value for SSO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.17 | MEDIUM VOLATILITY | The ATR as a percentage value for SSO suggests some volalility. |
| Average Directional Index/ADX (14) | 13.24 | NEGATIVE | The low ADX value for SSO suggests a weak or negative trend. |
NYSEARCA:SSO (2/6/2026, 12:33:05 PM)
58.68
+1.87 (+3.29%)
PROSHARES ULTRA S&P500 / SSO FAQ
What is the technical rating for SSO stock?
ChartMill assigns a technical rating of 3 / 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 Bullish.
What is the RSI signal for PROSHARES ULTRA S&P500 (SSO) stock?
PROSHARES ULTRA S&P500 (SSO) has an RSI value of 37.7717. 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 -0.249227, 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 56.8 and a resistance level at 57.35. Check the full technical report for our detailed analysis of SSO support and resistance levels.