PROSHARES ULTRAPRO S&P 500 (UPRO) Stock Technical Analysis
NYSEARCA:UPRO - NYSE Arca - US74347X8645 - ETF - Currency: USD
Taking everything into account, UPRO scores 5 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. UPRO was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, UPRO is a bad performer in the overall market: 64% of all stocks are doing better.
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.
UPRO has an average volume of 7568720 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
UPRO 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 UPRO is lagging the market slightly.
In the last month UPRO has a been trading in the 62.78 - 82.80 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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
54.94
100.47
We found 2 important support areas.
- A support zone ranging from 75.91 to 75.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @55.49 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 81.00 to 82.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @99.48 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 UPRO is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for UPRO is up. |
| ChartMill Relative Strength | 36.16 | NEUTRAL | UPRO is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of UPRO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of UPRO is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.02 | NEUTRAL | The RSI value for UPRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests UPRO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 61.18 | NEUTRAL | The Stochastics value for UPRO is a neutral value. |
| Average True Range in percent/ATR (20) | 4.01 | MEDIUM VOLATILITY | The ATR as a percentage value for UPRO suggests some volalility. |
| Average Directional Index/ADX (14) | 19.52 | NEGATIVE | The low ADX value for UPRO 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)
75.92
-1.62 (-2.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.09%
1 Week-7.74%
2 Weeks7.17%
1 Month14.79%
3 Month-18.32%
6 Month-19.18%
12 Month6.61%
2 Year90.28%
3 Year63.44%
5 Year253.36%
10 Year543.3%
15 Year1232.13%
Volatility
ATR(14)2.92
ATR(20)%4.01%
ATR Inc-13.5%
Range Today2.47
ADR(20)2.6
ADR(20)%3.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS36.16
Mansfield-0.88
10 Day High82.8
10 Day Low74.48
20 Day High82.8
20 Day Low62.78
52 Week High100.06
52 Week Low45.88
CS1 End75.91
CR1 Start81
Volume & EV
DER(3)-0.93%
DER(5)1%
Volume5.81M
Volume Incr-11.45%
Vol(5)4.95M
Vol(50)7.57M