Technical Analysis for UWM - ProShares Ultra Russell2000

Grade Last Price % Change Price Change
grade D 62.35 4.32% 2.58
UWM closed up 4.32 percent on Friday, August 16, 2019, on 24 percent of normal volume. 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 Signals
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Down Down Down
See historical UWM trend table...

Date Alert Name Type % Chg
Slingshot Bearish Bearish Swing Setup 0.00%
Oversold Stochastic Weakness 0.00%
Lower Bollinger Band Walk Weakness 4.32%
Multiple of Ten Bearish Other 4.32%
Lower Bollinger Band Touch Weakness 4.32%
Oversold Stochastic Weakness 4.32%
Stochastic Reached Oversold Weakness 3.42%
Multiple of Ten Bullish Other 3.42%
Below Lower BB Weakness 3.42%
Gapped Down Weakness 3.42%

Older signals for UWM ...

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Profile
The investment seeks daily investment results that correspond to two times (2x) the daily performance of the Russell 2000® Index. The fund invests in equity 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 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.
Stock Market Index Russell Indexes Capitalization Weighted Index Russell 2000 Price Return Usd Russell 2000 Index Russell 3000 Index Russell 3000 Cash (New York) Index
Is UWM a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 0 bullish, 3 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 89.24
52 Week Low 46.25
Average Volume 241,627
200-Day Moving Average 65.7729
50-Day Moving Average 66.7448
20-Day Moving Average 65.66
10-Day Moving Average 62.683
Average True Range 2.3729
ADX 22.53
+DI 20.2555
-DI 27.2738
Chandelier Exit (Long, 3 ATRs ) 64.73129999999999
Chandelier Exit (Short, 3 ATRs ) 66.3187
Upper Bollinger Band 72.3932
Lower Bollinger Band 58.9268
Percent B (%b) 0.25
BandWidth 20.50929
MACD Line -1.7083
MACD Signal Line -1.1577
MACD Histogram -0.5506
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 65.38
Resistance 3 (R3) 65.04 63.70 64.88
Resistance 2 (R2) 63.70 62.93 63.87 64.71
Resistance 1 (R1) 63.02 62.45 63.36 63.36 64.54
Pivot Point 61.68 61.68 61.85 61.85 61.68
Support 1 (S1) 61.00 60.91 61.34 61.34 60.16
Support 2 (S2) 59.66 60.43 59.83 59.99
Support 3 (S3) 58.98 59.66 59.83
Support 4 (S4) 59.32