PROSHARES ULTRA SEMICONDUCT (USD) Stock Technical Analysis
NYSEARCA:USD • US74347R6696
Overall USD gets a technical rating of 8 out of 10. USD was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- 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!
- Looking at the yearly performance, USD did better than 91% of all other stocks. On top of that, USD also shows a nice and consistent pattern of rising prices.
- USD 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 USD is lagging the market slightly.
- In the last month USD has a been trading in the 47.81 - 61.65 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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
44.18
When analyzing the support we can see 3 important areas.
- Support @51.34 from a trend line in the daily time frame.
- Support @48.22 from a trend line in the daily time frame.
- Support @44.63 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 USD is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for USD is neutral. |
| ChartMill Relative Strength | 91.22 | POSITIVE | USD has a high relative strength, it outperformed 91.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of USD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of USD is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of USD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.37 | NEUTRAL | The RSI value for USD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.27 | NEGATIVE | The MACD value suggests USD has a negative trend. |
| Stochastics (14,3) | 47.72 | NEUTRAL | The Stochastics value for USD is a neutral value. |
| Average True Range in percent/ATR (20) | 7.28 | HIGH VOLATILITY | The high ATR as a percentage value for USD suggests high volalility. |
| Average Directional Index/ADX (14) | 9.38 | NEGATIVE | The low ADX value for USD suggests a weak or negative trend. |
52.85
-2.99 (-5.35%)
PROSHARES ULTRA SEMICONDUCT / USD FAQ
What is the technical rating for USD stock?
ChartMill assigns a technical rating of 8 / 10 to USD.
What is the trend direction for USD stock?
The current trend direction for PROSHARES ULTRA SEMICONDUCT (USD) is Bullish.
What is the RSI signal for USD stock?
PROSHARES ULTRA SEMICONDUCT (USD) has an RSI value of 42.3663. This indicates that the stock is currently neutral.
Can you provide the MACD signal for PROSHARES ULTRA SEMICONDUCT?
The MACD indicator for PROSHARES ULTRA SEMICONDUCT (USD) has a value of -0.265135, indicating a bearish trend.
What is the support and resistance level for USD stock?
PROSHARES ULTRA SEMICONDUCT (USD) has a support level at 51.34. Check the full technical report for our detailed analysis of USD support and resistance levels.