Overall UCO gets a technical rating of 6 out of 10. UCO has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
- When comparing the yearly performance of all stocks, UCO is a bad performer in the overall market: 72% of all stocks are doing better.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- UCO has an average volume of 3070660 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- UCO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so UCO is lagging the market.
- In the last month UCO has a been trading in the 18.94 - 24.60 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
UCO 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
18.47
We found 4 important support areas.
- Support @22.28 from a horizontal line in the daily time frame.
- A support zone ranging from 21.65 to 21.82. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @19.32 from a trend line in the daily time frame.
- Support @18.66 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 23.81 to 24.48. 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 | NEUTRAL | NEUTRAL | The long term trend for UCO is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for UCO is up. |
| ChartMill Relative Strength | 28.19 | NEGATIVE | UCO has a low relative strength, it was outperformed by 71.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of UCO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of UCO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of UCO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.89 | NEUTRAL | The RSI value for UCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests UCO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 63.9 | NEUTRAL | The Stochastics value for UCO is a neutral value. |
| Average True Range in percent/ATR (20) | 4.84 | MEDIUM VOLATILITY | The ATR as a percentage value for UCO suggests some volalility. |
| Average Directional Index/ADX (14) | 26.24 | POSITIVE | The high ADX value value for UCO suggests a strong trend. |
22.72
-0.59 (-2.53%)
PROSHARES ULTRA BLOOMBERG CR / UCO FAQ
What is the technical rating for UCO stock?
ChartMill assigns a technical rating of 6 / 10 to UCO.
What is the trend direction for UCO stock?
The current trend direction for PROSHARES ULTRA BLOOMBERG CR (UCO) is Bearish.
Can you provide the RSI signal for PROSHARES ULTRA BLOOMBERG CR?
PROSHARES ULTRA BLOOMBERG CR (UCO) has an RSI value of 56.894. This indicates that the stock is currently neutral.
What are the support and resistance levels for PROSHARES ULTRA BLOOMBERG CR (UCO) stock?
PROSHARES ULTRA BLOOMBERG CR (UCO) has a support level at 22.28 and a resistance level at 23.81. Check the full technical report for our detailed analysis of UCO support and resistance levels.