PROSHARES ULTRAPRO DOW30 (UDOW) Technical Analysis
NYSEARCA:UDOW • US74347X8231
Current stock price
UDOW Technical Rating and Analysis
Overall UDOW gets a technical rating of 1 out of 10. UDOW has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- UDOW has an average volume of 5029290 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 UDOW is one of the better performing stocks in the market, outperforming 75% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
- UDOW is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so UDOW is lagging the market slightly.
- In the last month UDOW has a been trading in the 46.25 - 57.30 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
UDOW Weekly and Daily overview Charts
UDOW Setup Rating and Analysis
UDOW has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 50.74. Right above this resistance zone may be a good entry point.
More info and screens
UDOW Support and Resistance Analysis
46.07
When analyzing the support we notice one important area.
- A support zone ranging from 46.54 to 46.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 50.74 to 51.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
UDOW Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for UDOW is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for UDOW is down. |
| ChartMill Relative Strength | 75.34 | POSITIVE | UDOW has a high relative strength, it outperformed 75.34% off all stocks 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) | DOWN | NEGATIVE | The current price of UDOW is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of UDOW is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.57 | NEUTRAL | The RSI value for UDOW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.33 | POSITIVE | The MACD value suggests UDOW has a positive trend. |
| Stochastics (14,3) | 53.28 | NEUTRAL | The Stochastics value for UDOW is a neutral value. |
| Average True Range in percent/ATR (20) | 4.88 | MEDIUM VOLATILITY | The ATR as a percentage value for UDOW suggests some volalility. |
| Average Directional Index/ADX (14) | 35.96 | POSITIVE | The high ADX value value for UDOW suggests a strong trend. |
UDOW Chart- and CandleStick Pattern Analysis
UDOW Technicals: Chart, Performance Metrics, Trend & Indicators
50.73
-0.2 (-0.39%)
PROSHARES ULTRAPRO DOW30 / UDOW TA FAQ
Can you provide the ChartMill technical rating for PROSHARES ULTRAPRO DOW30?
ChartMill assigns a technical rating of 1 / 10 to UDOW.
What is the trend direction for UDOW stock?
The current trend direction for PROSHARES ULTRAPRO DOW30 (UDOW) is Bearish.
What is the RSI signal for PROSHARES ULTRAPRO DOW30 (UDOW) stock?
PROSHARES ULTRAPRO DOW30 (UDOW) has an RSI value of 43.569. This indicates that the stock is currently neutral.
Can you provide the MACD signal for PROSHARES ULTRAPRO DOW30?
The MACD indicator for PROSHARES ULTRAPRO DOW30 (UDOW) has a value of 0.326051, indicating a bearish trend.
What is the support and resistance level for UDOW stock?
PROSHARES ULTRAPRO DOW30 (UDOW) has a support level at 46.54 and a resistance level at 50.74. Check the full technical report for our detailed analysis of UDOW support and resistance levels.