PROSHARES ULTRAPRO S&P 500 (UPRO) Stock Technical Analysis
USA - NYSEARCA:UPRO - US74347X8645 - ETF
109.64 USD
+1.71 (+1.58%)
110.09 USD
+0.45 (+0.41%)
We assign a technical rating of 7 out of 10 to UPRO. In the last year, UPRO was one of the better performers, but we do observe some doubts in the very recent evolution.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
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 104.30 - 115.19 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
UPRO has an average volume of 4535040 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 UPRO is one of the better performing stocks in the market, outperforming 81% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
Volume is considerably higher in the last couple of days.
UPRO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 106.59, a Stop Loss order could be placed below this zone.
More info and screens
102.48
115.93
We found 1 important support area.
- A support zone ranging from 103.52 to 106.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- Resistance @114.78 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 | UP | POSITIVE | The long term trend for UPRO is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for UPRO is neutral. |
| ChartMill Relative Strength | 81.44 | POSITIVE | UPRO has a high relative strength, it outperformed 81.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of UPRO is below a declining 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) | 51.33 | NEUTRAL | The RSI value for UPRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.75 | NEGATIVE | The MACD value suggests UPRO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 45.36 | NEUTRAL | The Stochastics value for UPRO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.24 | MEDIUM VOLATILITY | The ATR as a percentage value for UPRO suggests some volalility. |
| Average Directional Index/ADX (14) | 25.87 | POSITIVE | The high ADX value value for UPRO suggests a strong 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 114.79 | 104.29 | 10.50 (9.15%) | 10.93% |
| An entry @114.79. This is a Buy Stop order right above the resistance zone. | An exit @104.29. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 10.50 points, which is 9.15%. | For a 1.00% total portfolio risk, you can invest 10.93% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
109.64
+1.71 (+1.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.58%
1 Week4.93%
2 Weeks-2.87%
1 Month-1.06%
3 Month15.2%
6 Month88.13%
12 Month21.4%
2 Year189.14%
3 Year213.62%
5 Year328.53%
10 Year892.82%
15 Year1445.68%
Volatility
ATR(14)4.01
ATR(20)%3.24%
ATR Inc31.06%
Range Today3.72
ADR(20)3.33
ADR(20)%3.04%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.44
Mansfield1.13
10 Day High115.19
10 Day Low104.3
20 Day High115.19
20 Day Low104.3
52 Week High115.19
52 Week Low45.88
CS1 End106.59
CR1 Start114.78
Volume & EV
DER(3)0.06%
DER(5)-0.68%
Volume7.08M
Volume Incr66.41%
Vol(5)6.40M
Vol(50)4.54M