PROSHARES ULTRA RUSSELL2000 (UWM) Stock Technical Analysis
USA - NYSEARCA:UWM - US74347R8429 - ETF
47.06 USD
-0.68 (-1.42%)
47.2863 USD
+0.23 (+0.48%)
Overall UWM gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, UWM is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
UWM 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 UWM is lagging the market slightly.
In the last month UWM has a been trading in the 41.23 - 48.04 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, UWM did better than 78% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
Although UWM has an excellent technical rating, it does not present a decent entry opportunity 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
27.71
47.53
4 important support areas can be observed.
- A support zone ranging from 45.60 to 46.20. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 41.91 to 42.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 40.58 to 41.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @27.99 from a trend line in the weekly 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 UWM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for UWM is up. |
| ChartMill Relative Strength | 78.58 | POSITIVE | UWM has a high relative strength, it outperformed 78.58% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of UWM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of UWM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of UWM is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 66.46 | NEUTRAL | The RSI value for UWM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests UWM has a positive trend. |
| Stochastics (14,3) | 79.13 | NEUTRAL | The Stochastics value for UWM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.75 | MEDIUM VOLATILITY | The ATR as a percentage value for UWM suggests some volalility. |
| Average Directional Index/ADX (14) | 32.31 | POSITIVE | The high ADX value value for UWM 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)
47.06
-0.68 (-1.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.42%
1 Week4.32%
2 Weeks4.67%
1 Month15.31%
3 Month32.49%
6 Month34.23%
12 Month9.11%
2 Year55.67%
3 Year63.63%
5 Year77.92%
10 Year152.16%
15 Year492.32%
Volatility
ATR(14)1.3
ATR(20)%2.75%
ATR Inc51.75%
Range Today1.16
ADR(20)1.2
ADR(20)%2.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.58
Mansfield0.56
10 Day High48.04
10 Day Low44.08
20 Day High48.04
20 Day Low41.23
52 Week High51.87
52 Week Low24.47
CS1 End46.2
CR1 StartN/A
Volume & EV
DER(3)2.09%
DER(5)-0.28%
Volume322.70K
Volume Incr-31.51%
Vol(5)375.42K
Vol(50)399.97K