PROSHARES ULTRASHORT YEN (YCS) Stock Technical Analysis
NYSEARCA:YCS - NYSE Arca - US74347W5691 - ETF - Currency: USD
We assign a technical rating of 8 out of 10 to YCS. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, YCS is only an average performer.
Warning: YCS has an average volume of 21104 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
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 40.81 - 44.53 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, YCS outperforms 58% 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.
Volume is considerably higher in the last couple of days.
YCS has an excellent technical rating, but the quality of the setup is only medium 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
38.00
48.83
When analyzing the support we can see 5 important areas.
- A support zone ranging from 42.07 to 44.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @40.83 from a trend line in the weekly time frame.
- A support zone ranging from 39.85 to 40.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 39.03 to 39.04. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @38.38 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @44.36 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 | 58.88 | 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) | 62.23 | NEUTRAL | The RSI value for YCS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests YCS has a positive trend. |
| Stochastics (14,3) | 80.87 | OVERBOUGHT | The high Stochastics value suggests YCS may be overbought. |
| Average True Range in percent/ATR (20) | 1.31 | LOW VOLATILITY | The low ATR as a percentage value for YCS suggests low volalility. |
| Average Directional Index/ADX (14) | 12.32 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 44.37 | 42.89 | 1.48 (3.34%) | 25.00% |
| An entry @44.37. This is a Buy Stop order right above the resistance zone. | An exit @42.89. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.48 points, which is 3.34%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.83%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
44.29
-0.06 (-0.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.13%
1 Week2.76%
2 Weeks-0.14%
1 Month7.02%
3 Month6.65%
6 Month-5.18%
12 Month11.08%
2 Year33.03%
3 Year61.05%
5 Year147.4%
10 Year87.83%
15 Year886.41%
Volatility
ATR(14)0.56
ATR(20)%1.31%
ATR Inc-13.32%
Range Today0.33
ADR(20)0.39
ADR(20)%0.87%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS58.88
Mansfield-0.52
10 Day High44.53
10 Day Low42.9
20 Day High44.53
20 Day Low40.81
52 Week High48.46
52 Week Low36.95
CS1 End44.04
CR1 Start44.36
Volume & EV
DER(3)-1.39%
DER(5)-1.34%
Volume18.00K
Volume Incr152.88%
Vol(5)49.78K
Vol(50)21.10K