Technical Analysis for URTY - ProShares UltraPro Russell2000
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| C | 45.30 | 3.73% | 1.63 |
URTY closed up 3.73 percent on Monday, May 6, 2024, on 51 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. 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 | 0.00% | |
| 180 Bullish Setup | Bullish Swing Setup | 0.00% | |
| NR7 | Range Contraction | 0.00% | |
| Narrow Range Bar | Range Contraction | 0.00% | |
| Stochastic Reached Overbought | Strength | 0.00% | |
| Gapped Up | 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% | |
| 50 DMA Resistance | Bearish | 3.73% |
| Alert | Time |
|---|---|
| Gap Up Closed | about 10 hours ago |
| 1.5x Volume Pace | about 12 hours ago |
| Gap Up Partially Closed | about 12 hours ago |
| Gapped Up (Partial) | about 12 hours ago |
| Rose Above Previous Day's High | about 12 hours ago |
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Basic chart:
The investment seeks daily investment results that correspond to three times (3x) the daily performance of the Russell 2000® Index.
The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as three times (3x) the daily return of the index. The index is a float-adjusted, market capitalization-weighted index containing approximately 2000 of the smallest companies in the Russell 3000® Index or approximately 8% of the total market capitalization of the Russell 3000® Index, which in turn represents approximately 98% of the investable U.S. equity market. It is non-diversified.
Keywords: Capitalization Weighted Index Russell 2000 Index Russell 3000 Index Russell 2500 Index
Classification
Keywords: Capitalization Weighted Index Russell 2000 Index Russell 3000 Index Russell 2500 Index
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 51.63 |
| 52 Week Low | 25.3138 |
| Average Volume | 1,116,440 |
| 200-Day Moving Average | 39.95 |
| 50-Day Moving Average | 44.84 |
| 20-Day Moving Average | 41.64 |
| 10-Day Moving Average | 41.94 |
| Average True Range | 2.26 |
| RSI (14) | 57.26 |
| ADX | 15.38 |
| +DI | 26.88 |
| -DI | 22.15 |
| Chandelier Exit (Long, 3 ATRs) | 41.05 |
| Chandelier Exit (Short, 3 ATRs) | 44.31 |
| Upper Bollinger Bands | 46.32 |
| Lower Bollinger Band | 36.95 |
| Percent B (%b) | 0.89 |
| BandWidth | 22.52 |
| MACD Line | -0.52 |
| MACD Signal Line | -1.11 |
| MACD Histogram | 0.5811 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 46.61 | ||||
| Resistance 3 (R3) | 46.52 | 46.01 | 46.39 | ||
| Resistance 2 (R2) | 46.01 | 45.67 | 46.05 | 46.31 | |
| Resistance 1 (R1) | 45.65 | 45.47 | 45.83 | 45.74 | 46.24 |
| Pivot Point | 45.14 | 45.14 | 45.23 | 45.18 | 45.14 |
| Support 1 (S1) | 44.78 | 44.80 | 44.96 | 44.87 | 44.36 |
| Support 2 (S2) | 44.27 | 44.60 | 44.31 | 44.29 | |
| Support 3 (S3) | 43.91 | 44.27 | 44.21 | ||
| Support 4 (S4) | 44.00 |
