PROSHARES ULTRAPRO DOW30 (UDOW) Stock Technical Analysis
USA - NYSEARCA:UDOW - US74347X8231 - ETF
103.52 USD
-2.18 (-2.06%)
103.24 USD
-0.28 (-0.27%)
Overall UDOW gets a technical rating of 6 out of 10. In the last year, UDOW 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.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
UDOW 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 UDOW is lagging the market slightly.
UDOW has an average volume of 2145970 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, UDOW outperforms 58% of them, which is more or less in line with the market.
In the last month UDOW has a been trading in the 100.16 - 111.50 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.
Although the technical rating is only medium, UDOW does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 102.94, a Stop Loss order could be placed below this zone.
More info and screens
99.48
110.82
We found 1 important support area.
- A support zone ranging from 100.48 to 102.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- Resistance @109.72 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 | UP | POSITIVE | The long term trend for UDOW is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for UDOW is neutral. |
| ChartMill Relative Strength | 58.67 | NEUTRAL | UDOW is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of UDOW is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of UDOW is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of UDOW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.08 | NEUTRAL | The RSI value for UDOW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.65 | NEGATIVE | The MACD value suggests UDOW has a negative trend. |
| Stochastics (14,3) | 42.45 | NEUTRAL | The Stochastics value for UDOW is a neutral value. |
| Average True Range in percent/ATR (20) | 3.23 | MEDIUM VOLATILITY | The ATR as a percentage value for UDOW suggests some volalility. |
| Average Directional Index/ADX (14) | 23.59 | NEUTRAL | The ADX value for UDOW suggests a possible start of a new 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 106.17 | 100.47 | 5.70 (5.37%) | 18.62% |
| An entry @106.17. This is a Buy Stop order right above the 10 day moving average. | An exit @100.47. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 5.70 points, which is 5.37%. | When investing 18.62% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
103.52
-2.18 (-2.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.06%
1 Week-2.86%
2 Weeks-4.11%
1 Month-2.54%
3 Month8.38%
6 Month51.68%
12 Month1.48%
2 Year103.3%
3 Year84.69%
5 Year208.92%
10 Year515.09%
15 Year2249.39%
Volatility
ATR(14)3.66
ATR(20)%3.23%
ATR Inc33.39%
Range Today4.4
ADR(20)3.2
ADR(20)%3.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS58.67
Mansfield-0.05
10 Day High111.5
10 Day Low100.16
20 Day High111.5
20 Day Low100.16
52 Week High113.78
52 Week Low56.9
CS1 End102.94
CR1 Start109.72
Volume & EV
DER(3)-3.47%
DER(5)-1.33%
Volume3.31M
Volume Incr51.55%
Vol(5)3.08M
Vol(50)2.15M