PROSHARES ULTRAPRO RUSS2000 (URTY)
US74347X7993 - ETF
We assign a technical rating of 8 out of 10 to URTY. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, URTY is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
URTY 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 URTY is lagging the market slightly.
In the last month URTY has a been trading in the 38.39 - 48.70 range, which is quite wide. It is currently trading near the high of this range.
URTY has an average volume of 1031250 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 URTY is one of the better performing stocks in the market, outperforming 80% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
Besides having an excellent technical rating, URTY also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 49.32. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 44.81, a Stop Loss order could be placed below this zone.
More info and screens
38.17
51.07
When analyzing the support we can see 4 important areas.
- A support zone ranging from 43.80 to 44.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @42.59 from a trend line in the daily time frame.
- A support zone ranging from 40.62 to 40.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @38.56 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 49.32 to 49.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 50.56 to 50.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.19
Mansfield0.37
10 Day High48.7
10 Day Low43.94
20 Day High48.7
20 Day Low38.39
52 Week High51.63
52 Week Low25.36
Performance
1 Week5.35%
2 Weeks8.68%
1 Month23.11%
3 Month5.09%
6 Month42.87%
12 Month34.41%
2 Year-9.25%
3 Year-57.28%
5 Year-22.07%
10 Year18.44%
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.63
RSI(14)60.01
LBB39.97
UBB49.82
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 |
|---|---|---|---|
| 49.55 | 43.93 | 5.62 (11.34%) | 8.82% |
| An entry @49.55. This is a Buy Stop order right above the resistance zone. | An exit @43.93. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 5.62 points, which is 11.34%. | For a 1.00% total portfolio risk, you can invest 8.82% 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.
PROSHARES ULTRAPRO RUSS2000
NYSEARCA:URTY (5/17/2024, 7:04:00 PM)
Premarket: 47.76 +0.3 (+0.63%)47.46
+0.05 (+0.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.11%
1 Week5.35%
2 Weeks8.68%
1 Month23.11%
3 Month5.09%
6 Month42.87%
12 Month34.41%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.88
ATR(20)%3.97%
ATR Inc
Range Today0.79
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High48.7
10 Day Low43.94
20 Day High48.7
20 Day Low38.39
52 Week High51.63
52 Week Low25.36
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume744.20K
Volume Incr-21.21%
Vol(5)808.08K
Vol(50)1.03M