Technical Analysis for UGE - ProShares Ultra Consumer Goods
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| C | 17.32 | -0.99% | -0.17 |
UGE closed down 0.99 percent on Monday, July 1, 2024, on 58 percent of normal volume. It ran into resistance at its 50 day moving average. The bulls were able to push the stock to a new 52-week high. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Up | Down | Down |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| 20 DMA Resistance | Bearish | 0.00% | |
| 50 DMA Resistance | Bearish | 0.00% | |
| Shooting Star Candlestick | Bearish | 0.00% | |
| Lizard Bearish | Bearish Day Trade Setup | 0.00% | |
| Expansion Pivot Sell Setup | Bearish Swing Setup | 0.00% | |
| Bollinger Band Squeeze | Range Contraction | 0.00% | |
| Wide Range Bar | Range Expansion | 0.00% | |
| Doji - Bearish? | Reversal | 0.00% | |
| Doji - Bullish? | Reversal | 0.00% | |
| New 52 Week High | Strength | 0.00% |
| Alert | Time |
|---|---|
| Rose Above 50 DMA | about 10 hours ago |
| 2x Volume Pace | about 10 hours ago |
| 1.5x Volume Pace | about 10 hours ago |
| 3x Volume Pace | about 10 hours ago |
| Fell Below Lower Bollinger Band | about 10 hours ago |
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Basic chart:
The investment seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Dow Jones U.S. Consumer GoodsSM Index.
The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times (2x) the daily return of the index. The index measures the performance of consumer spending in the goods sector of the U.S. equity market. The fund is non-diversified.
Keywords: Exchange Traded Fund ETF Leveraged ETF Ultra ETF Silver Exchange Traded Product Wagering Dow Jones U.S. Consumer Goods Total Return Index
Classification
Keywords: Exchange Traded Fund ETF Leveraged ETF Ultra ETF Silver Exchange Traded Product Wagering Dow Jones U.S. Consumer Goods Total Return Index
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 18.38 |
| 52 Week Low | 12.9519 |
| Average Volume | 11,965 |
| 200-Day Moving Average | 16.01 |
| 50-Day Moving Average | 17.56 |
| 20-Day Moving Average | 17.74 |
| 10-Day Moving Average | 17.76 |
| Average True Range | 0.29 |
| RSI (14) | 41.86 |
| ADX | 16.05 |
| +DI | 39.56 |
| -DI | 21.47 |
| Chandelier Exit (Long, 3 ATRs) | 17.52 |
| Chandelier Exit (Short, 3 ATRs) | 17.92 |
| Upper Bollinger Bands | 18.17 |
| Lower Bollinger Band | 17.31 |
| Percent B (%b) | 0.01 |
| BandWidth | 4.84 |
| MACD Line | 0.01 |
| MACD Signal Line | 0.07 |
| MACD Histogram | -0.0544 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 18.91 | ||||
| Resistance 3 (R3) | 19.09 | 18.73 | 18.65 | ||
| Resistance 2 (R2) | 18.73 | 18.33 | 18.65 | 18.56 | |
| Resistance 1 (R1) | 18.03 | 18.08 | 17.85 | 17.85 | 18.47 |
| Pivot Point | 17.67 | 17.67 | 17.59 | 17.59 | 17.67 |
| Support 1 (S1) | 16.97 | 17.27 | 16.79 | 16.79 | 16.17 |
| Support 2 (S2) | 16.61 | 17.02 | 16.53 | 16.08 | |
| Support 3 (S3) | 15.91 | 16.61 | 16.00 | ||
| Support 4 (S4) | 15.73 |
