PROSHARES ULTRAPRO S&P 500 (UPRO) Technical Analysis
NYSEARCA:UPRO • US74347X8645
Current stock price
UPRO Technical Rating and Analysis
We assign a technical rating of 6 out of 10 to UPRO. Although UPRO has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- When comparing the yearly performance of all stocks, we notice that UPRO is one of the better performing stocks in the market, outperforming 85% of all stocks.
- UPRO 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 UPRO is lagging the market slightly.
- In the last month UPRO has a been trading in the 88.14 - 111.35 range, which is quite wide. It is currently trading near the high of this range.
- UPRO has an average volume of 4816010 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
UPRO Weekly and Daily overview Charts
UPRO Setup Rating and Analysis
UPRO has an average technical rating and it also does not offer a high 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.
More info and screens
UPRO Support and Resistance Analysis
91.10
When analyzing the support we can see 2 important areas.
- A support zone ranging from 109.44 to 110.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @92.02 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @115.56 from a trend line in the daily time frame.
- A resistance zone ranging from 120.91 to 122.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
UPRO 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 | NEUTRAL | NEUTRAL | The long term trend for UPRO is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for UPRO is up. |
| ChartMill Relative Strength | 85.07 | POSITIVE | UPRO has a high relative strength, it outperformed 85.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of UPRO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of UPRO is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of UPRO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.61 | NEUTRAL | The RSI value for UPRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.12 | POSITIVE | The MACD value suggests UPRO has a positive trend. |
| Stochastics (14,3) | 96.24 | OVERBOUGHT | The high Stochastics value suggests UPRO may be overbought. |
| Average True Range in percent/ATR (20) | 4.18 | MEDIUM VOLATILITY | The ATR as a percentage value for UPRO suggests some volalility. |
| Average Directional Index/ADX (14) | 33.84 | POSITIVE | The high ADX value value for UPRO suggests a strong trend. |
UPRO Chart- and CandleStick Pattern Analysis
UPRO Technicals: Chart, Performance Metrics, Trend & Indicators
110.01
-0.35 (-0.32%)
PROSHARES ULTRAPRO S&P 500 / UPRO TA FAQ
What is the technical rating for UPRO stock?
ChartMill assigns a technical rating of 6 / 10 to UPRO.
What is the trend direction for UPRO stock?
The current trend direction for PROSHARES ULTRAPRO S&P 500 (UPRO) is Bearish.
What is the RSI signal for PROSHARES ULTRAPRO S&P 500 (UPRO) stock?
PROSHARES ULTRAPRO S&P 500 (UPRO) has an RSI value of 58.6053. This indicates that the stock is currently neutral.
Can you provide the short term momentum for PROSHARES ULTRAPRO S&P 500?
The short term momentum for PROSHARES ULTRAPRO S&P 500 (UPRO) is positive.
Can you provide the support and resistance levels for PROSHARES ULTRAPRO S&P 500?
PROSHARES ULTRAPRO S&P 500 (UPRO) has a support level at 110 and a resistance level at 115.56. Check the full technical report for our detailed analysis of UPRO support and resistance levels.