PROSHARES ULTRAPRO S&P 500 (UPRO) Stock Technical Analysis
NYSEARCA:UPRO - US74347X8645 - ETF
101.98 USD
+4.34 (+4.44%)
102.2 USD
+0.22 (+0.22%)
We assign a technical rating of 9 out of 10 to UPRO. Both in the recent history as in the last year, UPRO has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
UPRO is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month UPRO has a been trading in the 90.93 - 102.86 range, which is quite wide. It is currently trading near the high of this range.
UPRO has an average volume of 5042020 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, UPRO did better than 86% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
Although UPRO has an excellent technical rating, it does not present a decent entry opportunity 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
57.99
103.28
We found 3 important support areas.
- Support @96.17 from a trend line in the daily time frame.
- A support zone ranging from 92.02 to 94.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @58.58 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 101.99 to 102.26. 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 | UP | POSITIVE | The long term trend for UPRO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for UPRO is up. |
| ChartMill Relative Strength | 86.18 | POSITIVE | UPRO has a high relative strength, it outperformed 86.18% 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) | UP | POSITIVE | The current price of UPRO is above the rising 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) | 61.42 | NEUTRAL | The RSI value for UPRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.24 | NEGATIVE | The MACD value suggests UPRO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 66.17 | NEUTRAL | The Stochastics value for UPRO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.7 | MEDIUM VOLATILITY | The ATR as a percentage value for UPRO suggests some volalility. |
| Average Directional Index/ADX (14) | 21.62 | NEUTRAL | The ADX value for UPRO 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)
101.98
+4.34 (+4.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg4.44%
1 Week0.5%
2 Weeks3.27%
1 Month2.72%
3 Month34.33%
6 Month9.71%
12 Month24.65%
2 Year111.01%
3 Year162.36%
5 Year220.09%
10 Year969.72%
15 Year1948.14%
Volatility
ATR(14)2.48
ATR(20)%2.7%
ATR Inc27.61%
Range Today4.26
ADR(20)2.44
ADR(20)%2.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.18
Mansfield0.84
10 Day High102.86
10 Day Low96.42
20 Day High102.86
20 Day Low90.93
52 Week High102.86
52 Week Low45.88
CS1 End96.17
CR1 Start101.99
Volume & EV
DER(3)1.34%
DER(5)0.11%
Volume4.98M
Volume Incr-3.19%
Vol(5)5.08M
Vol(50)5.04M