Technical Analysis for SSO - ProShares Ultra S&P500
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
 |
104.88 | 2.64% | 2.70 |
SSO closed up 2.64 percent on Friday, January 18, 2019, on 75 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) -- sideways movement or a pullback should not be unexpected.
| ADX | Long-Term | Intermediate-Term | Short-Term |
|---|---|---|---|
| Weak or Absent | Down | Up | Up |
| See historical SSO trend table... | |||
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Jan 18 | Stochastic Sell Signal | Bearish | 0.00% |
| Jan 18 | Crossed Above 50 DMA | Bullish | 0.00% |
| Jan 18 | MACD Bullish Centerline Cross | Bullish | 0.00% |
| Jan 18 | Pocket Pivot | Bullish Swing Setup | 0.00% |
| Jan 18 | Gapped Up | Strength | 0.00% |
| Jan 18 | Overbought Stochastic | Strength | 0.00% |
| Jan 18 | Up 3 Days in a Row | Strength | 0.00% |
| Jan 18 | Up 4 Days in a Row | Strength | 0.00% |
| Jan 17 | 50 DMA Resistance | Bearish | 2.64% |
| Jan 17 | Non-ADX 1,2,3,4 Bearish | Bearish Swing Setup | 2.64% |
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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.
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength | |||
| Summary: | Counts: 1 bullish, 1 bearish and 3 neutral indicators. You may wish to incorporate that into your trading strategies. | ||
See more SSO news...
Indicators
| Indicator | Value |
|---|---|
| 52 Week High | 129.98 |
| 52 Week Low | 81.39 |
| Average Volume | 2,872,803 |
| 200-Day Moving Average | 112.7928 |
| 50-Day Moving Average | 102.4572 |
| 20-Day Moving Average | 94.814 |
| 10-Day Moving Average | 99.636 |
| Average True Range | 3.5456 |
| ADX | 20.79 |
| +DI | 29.071 |
| -DI | 20.493 |
| Chandelier Exit (Long, 3 ATRs ) | 94.6932 |
| Chandelier Exit (Short, 3 ATRs ) | 92.0268 |
| Upper Bollinger Band | 106.1766 |
| Lower Bollinger Band | 83.4514 |
| Percent B (%b) | 0.94 |
| BandWidth | 23.96819 |
| MACD Line | 0.381 |
| MACD Signal Line | -1.3082 |
| MACD Histogram | 1.6892 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 108.18 | ||||
| Resistance 3 (R3) | 107.96 | 106.65 | 107.63 | ||
| Resistance 2 (R2) | 106.65 | 105.81 | 106.76 | 107.45 | |
| Resistance 1 (R1) | 105.76 | 105.29 | 106.21 | 105.98 | 107.26 |
| Pivot Point | 104.45 | 104.45 | 104.67 | 104.56 | 104.45 |
| Support 1 (S1) | 103.56 | 103.61 | 104.01 | 103.78 | 102.50 |
| Support 2 (S2) | 102.25 | 103.09 | 102.36 | 102.31 | |
| Support 3 (S3) | 101.36 | 102.25 | 102.13 | ||
| Support 4 (S4) | 101.58 |
