PROSHARES ULTRA S&P500 (SSO) Stock Technical Analysis
NYSEARCA:SSO - NYSE Arca - US74347R1077 - ETF - Currency: USD
Taking everything into account, SSO scores 7 out of 10 in our technical rating. In the last year, SSO was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Both the short term and long term trends are positive. This is a very positive sign.
SSO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SSO is lagging the market slightly.
In the last month SSO has a been trading in the 87.20 - 94.87 range, which is quite wide. It is currently trading near the high of this range.
SSO has an average volume of 2440000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that SSO is one of the better performing stocks in the market, outperforming 78% of all stocks. However, this relatively good performance is mostly due to a recent big move.
SSO has an excellent technical rating, but the quality of the setup is only medium 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
68.42
101.21
2 important support areas can be observed.
- A support zone ranging from 90.72 to 93.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 69.11 to 70.09. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 99.73 to 100.21. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The short term trend for SSO is up. |
| ChartMill Relative Strength | 78.98 | POSITIVE | SSO has a high relative strength, it outperformed 78.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SSO is above the rising 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) | 63.68 | NEUTRAL | The RSI value for SSO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests SSO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 85.79 | OVERBOUGHT | The high Stochastics value suggests SSO may be overbought. |
| Average True Range in percent/ATR (20) | 1.95 | LOW VOLATILITY | The low ATR as a percentage value for SSO suggests low volalility. |
| Average Directional Index/ADX (14) | 12.57 | NEGATIVE | The low ADX value for SSO 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)
94.44
-0.1 (-0.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.11%
1 Week3.46%
2 Weeks1.44%
1 Month5.32%
3 Month15.45%
6 Month-1.05%
12 Month14.33%
2 Year62.41%
3 Year110.33%
5 Year202.02%
10 Year485.4%
15 Year2245.61%
Volatility
ATR(14)1.86
ATR(20)%1.95%
ATR Inc-9.38%
Range Today0.88
ADR(20)1.64
ADR(20)%1.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.98
Mansfield0.1
10 Day High94.87
10 Day Low89.97
20 Day High94.87
20 Day Low87.2
52 Week High100.3
52 Week Low60.84
CS1 End93.18
CR1 Start99.73
Volume & EV
DER(3)1.23%
DER(5)0.27%
Volume1.55M
Volume Incr-2.81%
Vol(5)2.19M
Vol(50)2.44M