PROSHARES ULTRASHORT YEN (YCS) Stock Technical Analysis
USA - NYSEARCA:YCS - US74347W5691 - ETF
44.58 USD
-0.4 (-0.89%)
44.63 USD
+0.05 (+0.11%)
We assign a technical rating of 7 out of 10 to YCS. Although YCS is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month YCS has a been trading in the 42.92 - 45.78 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
When compared to the yearly performance of all other stocks, YCS outperforms 59% of them, which is more or less in line with the market.
YCS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so YCS is lagging the market.
Although YCS 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
39.45
48.83
When analyzing the support we can see 3 important areas.
- A support zone ranging from 43.06 to 44.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @41.52 from a trend line in the weekly time frame.
- Support @39.85 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 44.66 to 45.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @46.36 from a horizontal line in the daily time frame.
- A resistance zone ranging from 47.67 to 48.35. 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 YCS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for YCS is up. |
| ChartMill Relative Strength | 59.98 | NEUTRAL | YCS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of YCS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of YCS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of YCS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.98 | NEUTRAL | The RSI value for YCS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests YCS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.73 | NEUTRAL | The Stochastics value for YCS is a neutral value. |
| Average True Range in percent/ATR (20) | 1.09 | LOW VOLATILITY | The low ATR as a percentage value for YCS suggests low volalility. |
| Average Directional Index/ADX (14) | 8.41 | NEGATIVE | The low ADX value for YCS 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)
44.58
-0.4 (-0.89%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.89%
1 Week0.63%
2 Weeks2.44%
1 Month0.34%
3 Month6.35%
6 Month5.14%
12 Month6.94%
2 Year18.75%
3 Year37.13%
5 Year151.39%
10 Year103.05%
15 Year969.71%
Volatility
ATR(14)0.5
ATR(20)%1.09%
ATR Inc38.46%
Range Today0.63
ADR(20)0.34
ADR(20)%0.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS59.98
Mansfield-0.85
10 Day High45.78
10 Day Low42.92
20 Day High45.78
20 Day Low42.92
52 Week High48.46
52 Week Low38.89
CS1 End44.37
CR1 Start44.66
Volume & EV
DER(3)-0.16%
DER(5)0.28%
Volume217.10K
Volume Incr10.66%
Vol(5)55.46K
Vol(50)46.70K