PROSHARES ULTRA SEMICONDUCT (USD) Stock Technical Analysis
NYSEARCA:USD - NYSE Arca - US74347R6696 - ETF - Currency: USD
We assign a technical rating of 7 out of 10 to USD. In the last year, USD was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month USD has a been trading in the 39.54 - 60.06 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, USD turns out to be only a medium performer in the overall market: it outperformed 42% of all stocks.
USD 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 USD is lagging the market slightly.
Although USD has an excellent technical rating, it 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
30.20
75.68
We found 2 important support areas.
- A support zone ranging from 52.19 to 52.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @30.51 from a trend line in the weekly time frame.
4 important resistance areas can be observed.
- Resistance @55.77 from a horizontal line in the weekly time frame.
- Resistance @57.47 from a horizontal line in the daily time frame.
- Resistance @70.06 from a trend line in the weekly time frame.
- A resistance zone ranging from 73.81 to 74.93. 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 USD is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for USD is up. |
| ChartMill Relative Strength | 42.4 | NEUTRAL | USD is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of USD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of USD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of USD is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.17 | NEUTRAL | The RSI value for USD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests USD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.73 | NEUTRAL | The Stochastics value for USD is a neutral value. |
| Average True Range in percent/ATR (20) | 5.49 | HIGH VOLATILITY | The high ATR as a percentage value for USD suggests high volalility. |
| Average Directional Index/ADX (14) | 29.48 | POSITIVE | The high ADX value value for USD 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)
54.92
-2.54 (-4.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-4.42%
1 Week2.71%
2 Weeks-1.93%
1 Month37.92%
3 Month2.6%
6 Month-12.83%
12 Month-6.41%
2 Year198.64%
3 Year288.13%
5 Year696.38%
10 Year2455.66%
15 Year8166.42%
Volatility
ATR(14)3.34
ATR(20)%5.49%
ATR Inc53.86%
Range Today4.29
ADR(20)2.48
ADR(20)%4.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS42.4
Mansfield-0.98
10 Day High60.06
10 Day Low50.76
20 Day High60.06
20 Day Low39.54
52 Week High85.07
52 Week Low25.13
CS1 End52.19
CR1 Start55.77
Volume & EV
DER(3)-1.45%
DER(5)2.3%
Volume1.05M
Volume Incr26.91%
Vol(5)902.05K
Vol(50)852.23K