Technical Analysis for DIG - ProShares Ultra Oil & Gas
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| C | 44.94 | 2.72% | 1.19 |
DIG closed unchanged on Friday, May 3, 2024, on 1.17 times normal volume. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Strong | Up | Up | Down |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| MACD Bearish Centerline Cross | Bearish | 2.72% | |
| Hammer Candlestick | Bullish | 2.72% | |
| Lizard Bullish | Bullish Day Trade Setup | 2.72% | |
| Doji - Bullish? | Reversal | 2.72% | |
| Lower Bollinger Band Touch | Weakness | 2.72% | |
| Oversold Stochastic | Weakness | 2.72% | |
| 50 DMA Resistance | Bearish | 2.72% | |
| NR7 | Range Contraction | 2.72% | |
| Inside Day | Range Contraction | 2.72% | |
| Gapped Up | Strength | 2.72% |
| Alert | Time |
|---|---|
| 60 Minute Opening Range Breakout | 42 minutes ago |
| Up 3% | 42 minutes ago |
| Lizard Bullish Entry | about 1 hour ago |
| Hammer Candlestick Entry | about 1 hour ago |
| Rose Above Previous Day's High | about 1 hour ago |
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Basic chart:
The investment seeks daily investment results that correspond to two times (2x) the daily performance of the Dow Jones U.S. Oil & GasSM 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 the oil and gas sector of the U.S. equity market. Component companies include, among others, exploration and production, integrated oil and gas, oil equipment and services, pipelines, renewable energy equipment companies and alternative fuel producers. The fund is non-diversified.
Keywords: Exchange Traded Fund ETF Exchange Traded Funds Leveraged ETF Ultra ETF Oil And Gas Wagering Proshares Integrated Oil Alternative Fuel Energy Equipment Oil And Gas Sector Dow Jones U.S. Oil & Gas Index Oil Equipment Renewable Energy Equipment
Classification
Keywords: Exchange Traded Fund ETF Exchange Traded Funds Leveraged ETF Ultra ETF Oil And Gas Wagering Proshares Integrated Oil Alternative Fuel Energy Equipment Oil And Gas Sector Dow Jones U.S. Oil & Gas Index Oil Equipment Renewable Energy Equipment
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 50.26 |
| 52 Week Low | 30.742 |
| Average Volume | 62,978 |
| 200-Day Moving Average | 39.97 |
| 50-Day Moving Average | 43.99 |
| 20-Day Moving Average | 46.58 |
| 10-Day Moving Average | 45.93 |
| Average True Range | 1.50 |
| RSI (14) | 40.83 |
| ADX | 37.53 |
| +DI | 16.40 |
| -DI | 25.96 |
| Chandelier Exit (Long, 3 ATRs) | 45.77 |
| Chandelier Exit (Short, 3 ATRs) | 47.14 |
| Upper Bollinger Bands | 50.09 |
| Lower Bollinger Band | 43.07 |
| Percent B (%b) | 0.1 |
| BandWidth | 15.07 |
| MACD Line | -0.06 |
| MACD Signal Line | 0.59 |
| MACD Histogram | -0.6496 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 45.60 | ||||
| Resistance 3 (R3) | 45.43 | 44.66 | 45.29 | ||
| Resistance 2 (R2) | 44.66 | 44.19 | 44.74 | 45.18 | |
| Resistance 1 (R1) | 44.20 | 43.90 | 43.82 | 44.37 | 45.08 |
| Pivot Point | 43.43 | 43.43 | 43.23 | 43.51 | 43.43 |
| Support 1 (S1) | 42.97 | 42.96 | 42.59 | 43.14 | 42.42 |
| Support 2 (S2) | 42.20 | 42.67 | 42.28 | 42.32 | |
| Support 3 (S3) | 41.74 | 42.20 | 42.21 | ||
| Support 4 (S4) | 41.91 |
