Technical Analysis for UYM - ProShares Ultra Basic Materials
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
 |
48.6671 | -5.59% | -2.88 |
UYM closed down 5.59 percent on Friday, August 23, 2019, on 28 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.
| ADX | Long-Term | Intermediate-Term | Short-Term |
|---|---|---|---|
| Weak or Absent | Down | Down | Down |
| See historical UYM trend table... | |||
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Stochastic Reached Oversold | Weakness | 0.00% | |
| Multiple of Ten Bearish | Other | 0.00% | |
| Gapped Down | Weakness | 0.00% | |
| Oversold Stochastic | Weakness | 0.00% | |
| Narrow Range Bar | Range Contraction | -5.59% | |
| Gapped Down | Weakness | -5.59% | |
| Cup with Handle | Other | -7.23% | |
| Narrow Range Bar | Range Contraction | -7.23% | |
| NR7 | Range Contraction | -7.23% | |
| Narrow Range Bar | Range Contraction | -6.07% |
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Basic chart:
The investment seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Dow Jones U.S. Basic MaterialsSM Index.
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 measures the performance of the basic materials sector of the U.S. equity market. The fund is non-diversified.
Exchange Traded Fund Financial Law Silver Exchange Traded Product Derivative Rate Of Return Wagering Dow Jones Us Basic Materials Sector Index
Exchange Traded Fund Financial Law Silver Exchange Traded Product Derivative Rate Of Return Wagering Dow Jones Us Basic Materials Sector Index
| 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 | 73.5 |
| 52 Week Low | 41.7 |
| Average Volume | 5,425 |
| 200-Day Moving Average | 54.7983 |
| 50-Day Moving Average | 56.8268 |
| 20-Day Moving Average | 53.9389 |
| 10-Day Moving Average | 51.7701 |
| Average True Range | 1.6143 |
| ADX | 24.8 |
| +DI | 21.5007 |
| -DI | 47.0572 |
| Chandelier Exit (Long, 3 ATRs ) | 56.3271 |
| Chandelier Exit (Short, 3 ATRs ) | 53.51 |
| Upper Bollinger Band | 59.8367 |
| Lower Bollinger Band | 48.0411 |
| Percent B (%b) | 0.05 |
| BandWidth | 21.868447 |
| MACD Line | -1.8446 |
| MACD Signal Line | -1.4954 |
| MACD Histogram | -0.3492 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 52.00 | ||||
| Resistance 3 (R3) | 52.37 | 51.63 | 51.45 | ||
| Resistance 2 (R2) | 51.63 | 50.78 | 51.45 | 51.26 | |
| Resistance 1 (R1) | 50.15 | 50.26 | 49.78 | 49.78 | 51.08 |
| Pivot Point | 49.41 | 49.41 | 49.22 | 49.22 | 49.41 |
| Support 1 (S1) | 47.93 | 48.56 | 47.56 | 47.56 | 46.26 |
| Support 2 (S2) | 47.19 | 48.03 | 47.00 | 46.07 | |
| Support 3 (S3) | 45.70 | 47.19 | 45.89 | ||
| Support 4 (S4) | 45.33 |
