Technical Analysis for GLL - ProShares UltraShort Gold

Grade Last Price % Change Price Change
grade F 30.66 0.95% 0.29
GLL closed up 0.95 percent on Friday, August 14, 2020, on 1.21 times normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Up
Historical GLL trend table...

Date Alert Name Type % Chg
Crossed Above 20 DMA Bullish 0.00%
Calm After Storm Range Contraction 0.00%
Stochastic Reached Overbought Strength 0.00%
Weak + Overbought Other 0.00%
Inside Day Range Contraction 0.00%
Overbought Stochastic Strength 0.00%
Fell Below 20 DMA Bearish 0.95%
Calm After Storm Range Contraction 0.95%
Multiple of Ten Bullish Other 0.95%
1,2,3 Retracement Bearish Bearish Swing Setup -3.08%

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Profile

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.
Exchange Traded Fund ETF Exchange Traded Funds Leveraged ETF Ultra ETF Bear Market ETF Inverse ETF Silver Exchange Traded Product Inverse Exchange Traded Fund

Is GLL a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 58.32
52 Week Low 27.18
Average Volume 74,735
200-Day Moving Average 44.49
50-Day Moving Average 34.26
20-Day Moving Average 30.57
10-Day Moving Average 29.43
Average True Range 1.11
ADX 33.18
+DI 24.58
-DI 29.66
Chandelier Exit (Long, 3 ATRs ) 32.45
Chandelier Exit (Short, 3 ATRs ) 30.50
Upper Bollinger Band 34.45
Lower Bollinger Band 26.69
Percent B (%b) 0.51
BandWidth 25.39
MACD Line -1.23
MACD Signal Line -1.60
MACD Histogram 0.375
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 31.71
Resistance 3 (R3) 31.70 31.34 31.54
Resistance 2 (R2) 31.34 31.07 31.34 31.48
Resistance 1 (R1) 31.00 30.90 31.17 31.01 31.42
Pivot Point 30.63 30.63 30.72 30.64 30.63
Support 1 (S1) 30.29 30.36 30.46 30.31 29.90
Support 2 (S2) 29.93 30.20 29.94 29.84
Support 3 (S3) 29.59 29.93 29.78
Support 4 (S4) 29.61