PROSHARES ULTRAPRO S&P500 PROSHARES ETF Forecast

$70.60
+1.76 (+2.56%)
At Close: Mar 27, 2024
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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PROSHARES ULTRAPRO S&P500 PROSHARES ETF upgraded from Buy Candidate to Strong Buy Candidate after Wednesday trading session.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Nov 02, 2023 Gain 70.82% PDF

The PROSHARES ULTRAPRO S&P500 PROSHARES ETF price gained 2.56% on the last trading day (Wednesday, 27th Mar 2024), rising from $68.84 to $70.60. During the last trading day the ETF fluctuated 2.14% from a day low at $69.13 to a day high of $70.61. The price has been going up and down for this period, and there has been a 4.33% gain for the last 2 weeks. Volume fell on the last day by -264 thousand shares and in total, 5 million shares were bought and sold for approximately $351.37 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The ETF lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 33.22% during the next 3 months and, with a 90% probability hold a price between $90.65 and $95.58 at the end of this 3-month period.

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UPRO Signals & Forecast

Mostly positive signals in the chart today. The PROSHARES ULTRAPRO S&P500 PROSHARES ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $69.58 and $65.50. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, January 31, 2024, and so far it has risen 24.71%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely.

Support, Risk & Stop-loss for PROSHARES ULTRAPRO S&P500 PROSHARES ETF

On the downside, the ETF finds support just below today's level from accumulated volume at $66.14 and $56.61. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, PROSHARES ULTRAPRO S&P500 PROSHARES finds support just below today's level at $66.14. If this is broken, then the next support from accumulated volume will be at $56.61 and $54.79.

This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $1.48 between high and low, or 2.14%. For the last week, the ETF has had daily average volatility of 1.40%.

Our recommended stop-loss: $68.30 (-3.26%) (This ETF has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 39 days ago.)

Trading Expectations (UPRO) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect PROSHARES ULTRAPRO S&P500 PROSHARES ULTRAPRO S&P500 to open at $70.11, and during the day (based on 14 day Average True Range), to move between $68.95 and $72.25, which gives a possible trading interval of +/-$1.65 (+/-2.33%) up or down from last closing price. If PROSHARES ULTRAPRO S&P500 PROSHARES ULTRAPRO S&P500 takes out the full calculated possible swing range there will be an estimated 4.67% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $66.14, some $4.46 (6.32%) from the current price of $70.60, our system finds the risk reward attractive.

Is PROSHARES ULTRAPRO S&P500 PROSHARES ULTRAPRO S&P500 ETF A Buy?

PROSHARES ULTRAPRO S&P500 PROSHARES holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 5.345 Strong Buy Candidate Upgraded

Predicted Opening Price for PROSHARES ULTRAPRO S&P500 PROSHARES ULTRAPRO S&P500 of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$70.11 ( 0.689%) $70.60

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for UPRO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 71.59 1.41 %
R2 71.03 0.606 %
R1 70.68 0.111 %
Current price: 70.60
Support S1 69.55 -1.49 %
S2 69.20 -1.98 %
S3 68.63 -2.79 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 70.60
Support S1 66.14 -6.32%
S2 56.61 -19.82%
S3 54.79 -22.39%

UPRO Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 20, 2024 Mar 20, 2024 Mar 27, 2024 $0.123 0.174%
2 Dec 20, 2023 Dec 20, 2023 Dec 20, 2023 $0.119 0.227%
3 Sep 20, 2023 Sep 20, 2023 Sep 20, 2023 $0.0560 0.125%
4 Jun 21, 2023 Jun 21, 2023 Jun 21, 2023 $0.145 0.322%
5 Mar 22, 2023 Mar 22, 2023 Mar 22, 2023 $0.0830 0.244%

FAQ

What is the symbol for PROSHARES ULTRAPRO S&P500 PROSHARES ULTRAPRO S&P500 ETF and on which exchange is it traded?
The symbol for PROSHARES ULTRAPRO S&P500 PROSHARES ULTRAPRO S&P500 is UPRO and it is traded on the NYSEARCA (NYSE Arca).

Should I buy or sell PROSHARES ULTRAPRO S&P500 PROSHARES ULTRAPRO S&P500 ETF?
PROSHARES ULTRAPRO S&P500 PROSHARES holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Strong Buy candidate.

How to buy PROSHARES ULTRAPRO S&P500 PROSHARES ULTRAPRO S&P500 ETF?
PROSHARES ULTRAPRO S&P500 PROSHARES ULTRAPRO S&P500 ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy PROSHARES ULTRAPRO S&P500 PROSHARES ULTRAPRO S&P500 ETF.

What's the current price of PROSHARES ULTRAPRO S&P500 PROSHARES ULTRAPRO S&P500 ETF?
As of the end of day on the 2024-03-27, the price of an PROSHARES ULTRAPRO S&P500 PROSHARES ULTRAPRO S&P500 (UPRO) share was $70.60.

What is the 52-week high and low for PROSHARES ULTRAPRO S&P500 PROSHARES ULTRAPRO S&P500 ETF?
The 52-week high for PROSHARES ULTRAPRO S&P500 PROSHARES ULTRAPRO S&P500 ETF is $71.16 and the 52-week low is $34.40.

What is the market capitalization of PROSHARES ULTRAPRO S&P500 PROSHARES ULTRAPRO S&P500 ETF?
As of the 2024-03-27, the market capitalization of PROSHARES ULTRAPRO S&P500 PROSHARES ULTRAPRO S&P500 is 3.03B.
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About PROSHARES ULTRAPRO S&P500 PROSHARES ULTRAPRO S&P500

The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the fund's investment objective. The index is a measure of large-cap U.S. stock market performance. The fund is non-diversified.... UPRO Profile

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