Technical Analysis for SAA - ProShares Ultra SmallCap600
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| C | 24.05 | 1.68% | 0.40 |
SAA closed up 1.92 percent on Friday, May 3, 2024, on 35 percent of normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline. 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 | Up | Up | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Crossed Above 50 DMA | Bullish | 1.68% | |
| Pocket Pivot | Bullish Swing Setup | 1.68% | |
| Cup with Handle | Other | 1.68% | |
| Narrow Range Bar | Range Contraction | 1.68% | |
| Stochastic Reached Overbought | Strength | 1.68% | |
| Gapped Up | Strength | 1.68% | |
| Overbought Stochastic | Strength | 1.68% | |
| Up 3 Days in a Row | Strength | 1.68% | |
| Crossed Above 20 DMA | Bullish | 3.63% | |
| Cup with Handle | Other | 3.63% |
| Alert | Time |
|---|---|
| Rose Above Previous Day's High | 40 minutes ago |
| 2x Volume Pace | 40 minutes ago |
| 1.5x Volume Pace | 40 minutes ago |
| 3x Volume Pace | 40 minutes ago |
| Up 1% | 40 minutes ago |
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Basic chart:
The investment seeks daily investment results that correspond to two times (2x) the daily performance of the S&P SmallCap 600®.
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 is a measure of small-cap company U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 600 U.S. operating companies selected through a process that factors in criteria such as liquidity, price, market capitalization, financial viability and public float. The fund is non-diversified.
Keywords: Exchange Traded Fund ETF Stock Market Index Leveraged ETF Ultra ETF S&P 500 Index CBOE Capitalization Weighted Index S&P 500 Index
Classification
Keywords: Exchange Traded Fund ETF Stock Market Index Leveraged ETF Ultra ETF S&P 500 Index CBOE Capitalization Weighted Index S&P 500 Index
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 25.9512 |
| 52 Week Low | 16.3668 |
| Average Volume | 8,501 |
| 200-Day Moving Average | 21.86 |
| 50-Day Moving Average | 23.52 |
| 20-Day Moving Average | 22.83 |
| 10-Day Moving Average | 22.95 |
| Average True Range | 0.55 |
| RSI (14) | 55.16 |
| ADX | 11.61 |
| +DI | 41.39 |
| -DI | 32.08 |
| Chandelier Exit (Long, 3 ATRs) | 23.18 |
| Chandelier Exit (Short, 3 ATRs) | 23.12 |
| Upper Bollinger Bands | 24.37 |
| Lower Bollinger Band | 21.28 |
| Percent B (%b) | 0.77 |
| BandWidth | 13.53 |
| MACD Line | -0.12 |
| MACD Signal Line | -0.26 |
| MACD Histogram | 0.1303 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 23.98 | ||||
| Resistance 3 (R3) | 23.98 | 23.86 | 23.93 | ||
| Resistance 2 (R2) | 23.86 | 23.77 | 23.86 | 23.91 | |
| Resistance 1 (R1) | 23.76 | 23.72 | 23.70 | 23.76 | 23.89 |
| Pivot Point | 23.64 | 23.64 | 23.61 | 23.64 | 23.64 |
| Support 1 (S1) | 23.53 | 23.55 | 23.48 | 23.54 | 23.41 |
| Support 2 (S2) | 23.42 | 23.50 | 23.42 | 23.40 | |
| Support 3 (S3) | 23.31 | 23.42 | 23.38 | ||
| Support 4 (S4) | 23.32 |
