Technical Analysis for UCO - ProShares Ultra DJ-AIG Crude Oil
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| D | 28.80 | 0.21% | 0.06 |
UCO closed up 0.21 percent on Friday, October 4, 2024, on 1.41 times normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Down | Up | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Calm After Storm | Range Contraction | 0.00% | |
| NR7 | Range Contraction | 0.00% | |
| Upper Bollinger Band Walk | Strength | 0.00% | |
| Weak + Overbought | Other | 0.00% | |
| Weak, Overbought and Reversal Signs | Reversal | 0.00% | |
| Above Upper BB | Strength | 0.00% | |
| Overbought Stochastic | Strength | 0.00% | |
| Up 3 Days in a Row | Strength | 0.00% | |
| Up 4 Days in a Row | Strength | 0.00% | |
| Upper Bollinger Band Touch | Strength | 0.00% |
| Alert | Time |
|---|---|
| Possible NR7 | about 14 hours ago |
| Up 2% | about 14 hours ago |
| 60 Minute Opening Range Breakout | about 15 hours ago |
| Fell Below Upper Bollinger Band | about 17 hours ago |
| 2x Volume Pace | about 18 hours ago |
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Basic chart:
The investment seeks to provide daily investment results (before fees and expenses) that correspond to twice the daily performance of the Bloomberg WTI Crude Oil SubindexSM.
The “Ultra” Funds seek daily results that match (before fees and expenses) two times (2x) the daily performance of a benchmark. It does not seek to achieve their stated objective over a period greater than a single day. The Bloomberg WTI Crude Oil SubindexSM is designed to track crude oil futures prices.
Keywords: Exchange Traded Fund ETF Leveraged ETF Ultra ETF Petroleum Commodity Markets West Texas Intermediate World Oil Market Chronology From Crude Oil Futures Prices
Classification
Keywords: Exchange Traded Fund ETF Leveraged ETF Ultra ETF Petroleum Commodity Markets West Texas Intermediate World Oil Market Chronology From Crude Oil Futures Prices
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 36.51 |
| 52 Week Low | 22.894 |
| Average Volume | 2,998,871 |
| 200-Day Moving Average | 30.13 |
| 50-Day Moving Average | 27.78 |
| 20-Day Moving Average | 25.97 |
| 10-Day Moving Average | 26.66 |
| Average True Range | 1.33 |
| RSI (14) | 59.51 |
| ADX | 21.77 |
| +DI | 28.67 |
| -DI | 21.73 |
| Chandelier Exit (Long, 3 ATRs) | 25.44 |
| Chandelier Exit (Short, 3 ATRs) | 26.87 |
| Upper Bollinger Bands | 28.64 |
| Lower Bollinger Band | 23.29 |
| Percent B (%b) | 1.03 |
| BandWidth | 20.61 |
| MACD Line | -0.01 |
| MACD Signal Line | -0.49 |
| MACD Histogram | 0.4843 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 30.02 | ||||
| Resistance 3 (R3) | 30.09 | 29.75 | 29.82 | ||
| Resistance 2 (R2) | 29.75 | 29.44 | 29.72 | 29.75 | |
| Resistance 1 (R1) | 29.28 | 29.25 | 29.11 | 29.21 | 29.68 |
| Pivot Point | 28.94 | 28.94 | 28.85 | 28.90 | 28.94 |
| Support 1 (S1) | 28.46 | 28.63 | 28.29 | 28.39 | 27.92 |
| Support 2 (S2) | 28.12 | 28.43 | 28.09 | 27.85 | |
| Support 3 (S3) | 27.65 | 28.12 | 27.78 | ||
| Support 4 (S4) | 27.58 |
