PROSHARES ULTRAPRO RUSS2000 (URTY) Stock Technical Analysis
USA - NYSEARCA:URTY - US74347X7993 - ETF
49.89 USD
-4.98 (-9.08%)
49.16 USD
-0.73 (-1.46%)
We assign a technical rating of 6 out of 10 to URTY. URTY has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
In the last month URTY has a been trading in the 49.80 - 57.23 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
URTY has an average volume of 1475990 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, URTY outperforms 65% of them, which is more or less in line with the market.
URTY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so URTY is lagging the market.
URTY 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
43.31
56.69
3 important support areas can be observed.
- A support zone ranging from 47.98 to 49.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @45.94 from a trend line in the weekly time frame.
- Support @43.75 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 55.52 to 56.13. 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 URTY is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for URTY is neutral. |
| ChartMill Relative Strength | 65.87 | NEUTRAL | URTY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of URTY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of URTY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of URTY is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.29 | NEUTRAL | The RSI value for URTY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.44 | NEGATIVE | The MACD value suggests URTY has a negative trend. |
| Stochastics (14,3) | 49.69 | NEUTRAL | The Stochastics value for URTY is a neutral value. |
| Average True Range in percent/ATR (20) | 4.85 | MEDIUM VOLATILITY | The ATR as a percentage value for URTY suggests some volalility. |
| Average Directional Index/ADX (14) | 24.85 | NEUTRAL | The ADX value for URTY 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)
49.89
-4.98 (-9.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-9.08%
1 Week-10.12%
2 Weeks-5.19%
1 Month-1.75%
3 Month17.69%
6 Month94.88%
12 Month-4.09%
2 Year86.92%
3 Year9.48%
5 Year30.84%
10 Year24.79%
15 Year247.51%
Volatility
ATR(14)2.35
ATR(20)%4.85%
ATR Inc102.63%
Range Today6.2
ADR(20)2.28
ADR(20)%4.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS65.87
Mansfield0.19
10 Day High57.23
10 Day Low49.8
20 Day High57.23
20 Day Low49.8
52 Week High68.23
52 Week Low21.15
CS1 End49.88
CR1 Start55.52
Volume & EV
DER(3)0.7%
DER(5)-1.79%
Volume4.21M
Volume Incr26.65%
Vol(5)2.03M
Vol(50)1.48M