PROSHARES ULTRA FTSE CHINA50 (XPP) Stock Technical Analysis
NYSEARCA:XPP - NYSE Arca - US74347X8801 - ETF - Currency: USD
Taking everything into account, XPP scores 8 out of 10 in our technical rating. Both in the recent history as in the last year, XPP has proven to be a steady performer, scoring decent points in every aspect analyzed.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
Warning: XPP has an average volume of 13958 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, XPP did better than 88% of all other stocks.
XPP is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so XPP is performing more or less in line with the market.
In the last month XPP has a been trading in the 22.29 - 24.68 range, which is quite wide. It is currently trading near the high of this range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although XPP 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
16.10
29.09
6 important support areas can be observed.
- A support zone ranging from 23.21 to 23.54. 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 22.22 to 22.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @21.25 from a trend line in the weekly time frame.
- Support @18.79 from a trend line in the weekly time frame.
- Support @17.18 from a trend line in the daily time frame.
- Support @16.26 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @24.51 from a horizontal line in the daily time frame.
- Resistance @28.80 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 XPP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for XPP is up. |
| ChartMill Relative Strength | 88.1 | POSITIVE | XPP has a high relative strength, it outperformed 88.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of XPP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of XPP is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of XPP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.02 | NEUTRAL | The RSI value for XPP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests XPP has a positive trend. |
| Stochastics (14,3) | 89.24 | OVERBOUGHT | The high Stochastics value suggests XPP may be overbought. |
| Average True Range in percent/ATR (20) | 2.52 | MEDIUM VOLATILITY | The ATR as a percentage value for XPP suggests some volalility. |
| Average Directional Index/ADX (14) | 14.67 | NEGATIVE | The low ADX value for XPP suggests a weak or negative 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)
NYSEARCA:XPP (6/6/2025, 8:04:00 PM)
24.449
-0.05 (-0.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.22%
1 Week9.2%
2 Weeks3.32%
1 Month8.36%
3 Month-7.52%
6 Month30.32%
12 Month57.03%
2 Year32.21%
3 Year-27.02%
5 Year-53.64%
10 Year-70.59%
15 Year-59.66%
Volatility
ATR(14)0.56
ATR(20)%2.52%
ATR Inc-10.14%
Range Today0.45
ADR(20)0.34
ADR(20)%1.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.1
Mansfield1.99
10 Day High24.68
10 Day Low22.29
20 Day High24.68
20 Day Low22.29
52 Week High28.9
52 Week Low13.09
CS1 End23.54
CR1 Start24.51
Volume & EV
DER(3)5.24%
DER(5)3.15%
Volume2.40K
Volume Incr-54.76%
Vol(5)3.80K
Vol(50)13.96K