PROSHARES ULTRA EURO (ULE) Stock Technical Analysis
USA - NYSEARCA:ULE - US74347W8745 - ETF
Taking everything into account, ULE scores 1 out of 10 in our technical rating. ULE 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.
The technical rating of ULE is bad and it also does not present a quality setup 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.
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12.38
When analyzing the support we notice one important area.
- A support zone ranging from 12.50 to 12.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 12.76 to 13.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 13.31 to 13.53. 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 ULE is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ULE is down. |
| ChartMill Relative Strength | 51.98 | NEUTRAL | ULE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ULE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ULE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ULE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 37.85 | NEUTRAL | The RSI value for ULE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ULE has a negative trend. |
| Stochastics (14,3) | 8.5 | OVERSOLD | The low Stochastics value suggests ULE may be oversold. |
| Average True Range in percent/ATR (20) | 0.94 | LOW VOLATILITY | The low ATR as a percentage value for ULE suggests low volalility. |
| Average Directional Index/ADX (14) | 13.41 | NEGATIVE | The low ADX value for ULE suggests a weak or negative trend. |
12.7024
-0.06 (-0.45%)
PROSHARES ULTRA EURO / ULE FAQ
What is the ChartMill technical rating of PROSHARES ULTRA EURO (ULE) stock?
ChartMill assigns a technical rating of 1 / 10 to ULE.
What is the current trend direction of PROSHARES ULTRA EURO (ULE) stock?
The current trend direction for PROSHARES ULTRA EURO (ULE) is Bearish.
What is the RSI signal for ULE stock?
PROSHARES ULTRA EURO (ULE) has an RSI value of 37.8503. This indicates that the stock is currently neutral.
What is the short term momentum for PROSHARES ULTRA EURO (ULE) stock?
The short term momentum for PROSHARES ULTRA EURO (ULE) is negative.