Technical Analysis for SSO - ProShares Ultra S&P500

Grade Last Price % Change Price Change
grade A 160.22 0.69% 1.10
SSO closed up 0.69 percent on Friday, January 17, 2020, on approximately 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 bulls were able to push the stock to a new 52-week high. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up
Historical SSO trend table...

Date Alert Name Type % Chg
New 52 Week Closing High Bullish 0.00%
NR7 Range Contraction 0.00%
New 52 Week High Strength 0.00%
Upper Bollinger Band Walk Strength 0.00%
Multiple of Ten Bullish Other 0.00%
Above Upper BB Strength 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
New 52 Week Closing High Bullish 0.69%

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Profile

The investment seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the S&P 500®. 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 large-cap U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 500 U.S. operating companies and real estate investment trusts selected through a process. The fund is non-diversified.
Exchange Traded Fund Stock Market Index Real Estate Investment Trust S&P 500 Index Cboe Stock Market Indices Capitalization Weighted Index Real Estate Investment Trusts

Is SSO 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 160.34
52 Week Low 100.4
Average Volume 1,101,710
200-Day Moving Average 130.57
50-Day Moving Average 146.23
20-Day Moving Average 153.13
10-Day Moving Average 155.45
Average True Range 1.91
ADX 35.51
+DI 39.99
-DI 11.42
Chandelier Exit (Long, 3 ATRs ) 154.61
Chandelier Exit (Short, 3 ATRs ) 153.35
Upper Bollinger Band 159.23
Lower Bollinger Band 147.03
Percent B (%b) 1.08
BandWidth 7.97
MACD Line 3.60
MACD Signal Line 3.23
MACD Histogram 0.3729
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 161.80
Resistance 3 (R3) 161.66 161.00 161.53
Resistance 2 (R2) 161.00 160.60 161.07 161.44
Resistance 1 (R1) 160.61 160.35 160.81 160.75 161.36
Pivot Point 159.95 159.95 160.05 160.02 159.95
Support 1 (S1) 159.56 159.55 159.76 159.70 159.08
Support 2 (S2) 158.90 159.30 158.97 159.00
Support 3 (S3) 158.51 158.90 158.91
Support 4 (S4) 158.65