Technical Analysis for GLL - ProShares UltraShort Gold

Grade Last Price % Change Price Change
D 32.912 -0.80% -0.27
GLL closed down 0.8 percent on Thursday, May 13, 2021, on 77 percent of normal volume. The stock fell below its 200 day moving average, damaging its long-term outlook by crossing under that critical trendline. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.

Trend Table & Recent EOD Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Flat Down Down
Historical GLL trend table...

Date Alert Name Type % Chg
Fell Below 200 DMA Bearish 0.00%
180 Bearish Setup Bearish Swing Setup 0.00%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 0.00%
Oversold Stochastic Weakness 0.00%
Crossed Above 200 DMA Bullish -0.80%
Stochastic Buy Signal Bullish -0.80%
Pocket Pivot Bullish Swing Setup -0.80%
Inside Day Range Contraction -0.80%
Oversold Stochastic Weakness -0.80%
200 DMA Resistance Bearish 1.14%
Older End-of-Day Signals for GLL ...

   Recent Intraday Alerts -- Get these alerts pushed to you via our Mobile App

Alert Time
200 DMA Support about 10 hours ago
60 Minute Opening Range Breakdown about 11 hours ago
Fell Below 200 DMA about 11 hours ago
Rose Above Previous Day's High about 12 hours ago
2x Volume Pace about 12 hours ago
View Earlier Intraday Alerts

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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.
Classification

Keywords: Exchange Traded Fund ETF Exchange Traded Funds Leveraged ETF Ultra ETF Inverse ETF Bear Market ETF Inverse Exchange Traded Fund Silver Exchange Traded Product Bullion

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 41.16
52 Week Low 27.18
Average Volume 82,053
200-Day Moving Average 33.03
50-Day Moving Average 35.96
20-Day Moving Average 34.23
10-Day Moving Average 33.62
Average True Range 0.70
ADX 19.93
+DI 22.61
-DI 36.92
Chandelier Exit (Long, 3 ATRs ) 34.67
Chandelier Exit (Short, 3 ATRs ) 34.37
Upper Bollinger Band 36.09
Lower Bollinger Band 32.36
Percent B (%b) 0.15
BandWidth 10.88
MACD Line -0.84
MACD Signal Line -0.70
MACD Histogram -0.1424
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 33.44
Resistance 3 (R3) 33.48 33.35 33.35
Resistance 2 (R2) 33.35 33.22 33.33 33.32
Resistance 1 (R1) 33.13 33.14 33.07 33.09 33.29
Pivot Point 33.00 33.00 32.97 32.98 33.00
Support 1 (S1) 32.78 32.87 32.72 32.74 32.53
Support 2 (S2) 32.65 32.78 32.63 32.50
Support 3 (S3) 32.43 32.65 32.47
Support 4 (S4) 32.38