Technical Analysis for GLL - ProShares UltraShort Gold
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| D | 21.92 | 0.16% | 0.04 |
GLL closed up 0.16 percent on Friday, May 3, 2024, on 74 percent of normal volume. 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 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 |
|---|---|---|---|
| Strong | Down | Down | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Shooting Star Candlestick | Bearish | 0.00% | |
| Stochastic Sell Signal | Bearish | 0.00% | |
| Lizard Bearish | Bearish Day Trade Setup | 0.00% | |
| Doji - Bearish? | Reversal | 0.00% | |
| Weak + Overbought | Other | 0.00% | |
| Weak, Overbought and Reversal Signs | Reversal | 0.00% | |
| Overbought Stochastic | Strength | 0.00% | |
| Upper Bollinger Band Touch | Strength | 0.00% | |
| Weak + Overbought | Other | 0.16% | |
| Gapped Up | Strength | 0.16% |
| Alert | Time |
|---|---|
| Rose Above Previous Day's High | 3 days ago |
| Rose Above Upper Bollinger Band | 3 days ago |
| 2x Volume Pace | 3 days ago |
| 1.5x Volume Pace | 3 days ago |
| 3x Volume Pace | 3 days ago |
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Basic chart:
The investment seeks to provide daily investment results (before fees and expenses) that correspond to twice (200%) the inverse (opposite) of the daily performance of gold bullion as measured by the U.S. Dollar p.m. fixing price for delivery in London.
The “UltraShort” Funds seek daily results that match (before fees and expenses) two times the inverse (-2x) of the daily performance of a benchmark. The UltraShort Funds do not seek to achieve their stated objectives over a period greater than a single day.
Keywords: Exchange Traded Fund ETF Exchange Traded Funds Inverse Exchange Traded Fund Leveraged ETF Ultra ETF Inverse ETF Bear Market ETF Silver Exchange Traded Product Bullion
Classification
Keywords: Exchange Traded Fund ETF Exchange Traded Funds Inverse Exchange Traded Fund Leveraged ETF Ultra ETF Inverse ETF Bear Market ETF Silver Exchange Traded Product Bullion
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 33.4999 |
| 52 Week Low | 19.51 |
| Average Volume | 146,194 |
| 200-Day Moving Average | 27.25 |
| 50-Day Moving Average | 23.24 |
| 20-Day Moving Average | 21.11 |
| 10-Day Moving Average | 21.56 |
| Average True Range | 0.57 |
| RSI (14) | 49.75 |
| ADX | 37.36 |
| +DI | 23.81 |
| -DI | 24.90 |
| Chandelier Exit (Long, 3 ATRs) | 20.63 |
| Chandelier Exit (Short, 3 ATRs) | 21.23 |
| Upper Bollinger Bands | 22.22 |
| Lower Bollinger Band | 20.00 |
| Percent B (%b) | 0.86 |
| BandWidth | 10.53 |
| MACD Line | -0.36 |
| MACD Signal Line | -0.64 |
| MACD Histogram | 0.2854 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 22.74 | ||||
| Resistance 3 (R3) | 22.80 | 22.57 | 22.61 | ||
| Resistance 2 (R2) | 22.57 | 22.36 | 22.55 | 22.56 | |
| Resistance 1 (R1) | 22.24 | 22.23 | 22.41 | 22.19 | 22.51 |
| Pivot Point | 22.02 | 22.02 | 22.10 | 21.99 | 22.02 |
| Support 1 (S1) | 21.69 | 21.81 | 21.86 | 21.64 | 21.32 |
| Support 2 (S2) | 21.47 | 21.68 | 21.44 | 21.27 | |
| Support 3 (S3) | 21.14 | 21.47 | 21.22 | ||
| Support 4 (S4) | 21.09 |
