PROSHARES ULTRA BLOOMBERG CR (UCO) Stock Technical Analysis
USA - NYSEARCA:UCO - US74347Y8883 - ETF
21.87 USD
-0.42 (-1.88%)
21.05 USD
-0.82 (-3.75%)
Overall UCO gets a technical rating of 0 out of 10. UCO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
When comparing the yearly performance of all stocks, UCO is a bad performer in the overall market: 88% of all stocks are doing better.
UCO 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.
UCO has an average volume of 2220420 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.
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.
Although the technical rating is bad, UCO does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
21.41
27.71
When analyzing the support we notice one important area.
- Support @21.63 from a trend line in the daily time frame.
We can see 7 important resistance areas.
- A resistance zone ranging from 22.13 to 22.32. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 22.76 to 22.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @23.50 from a trend line in the daily time frame.
- Resistance @24.08 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 24.48 to 24.48. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 25.27 to 25.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @27.44 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for UCO is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for UCO is down. |
| ChartMill Relative Strength | 12.52 | NEGATIVE | UCO has a low relative strength, it was outperformed by 87.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of UCO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of UCO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of UCO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.55 | NEUTRAL | The RSI value for UCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests UCO has a negative trend. |
| Stochastics (14,3) | 23.1 | NEUTRAL | The Stochastics value for UCO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.13 | MEDIUM VOLATILITY | The ATR as a percentage value for UCO suggests some volalility. |
| Average Directional Index/ADX (14) | 10.57 | NEGATIVE | The low ADX value for UCO 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)
21.87
-0.42 (-1.88%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.88%
1 Week1.77%
2 Weeks-8.95%
1 Month-2.93%
3 Month-10.99%
6 Month6.37%
12 Month-26.16%
2 Year-31.61%
3 Year-29.99%
5 Year285.71%
10 Year-92.39%
15 Year-99.14%
Volatility
ATR(14)0.67
ATR(20)%3.13%
ATR Inc-12.22%
Range Today0.82
ADR(20)0.54
ADR(20)%2.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.52
Mansfield-2.05
10 Day High24.73
10 Day Low21.34
20 Day High24.73
20 Day Low21.34
52 Week High31.64
52 Week Low17.78
CS1 End21.63
CR1 Start22.13
Volume & EV
DER(3)0.17%
DER(5)0.88%
Volume1.50M
Volume Incr-8.45%
Vol(5)1.82M
Vol(50)2.22M