PROSHARES ULTRA 20+ YEAR TREASURY ETF Forecast
PROSHARES ULTRA 20+ YEAR TREASURY ETF price ended at $20.25 on Tuesday, after gaining 0.746%.
(Updated on Jun 25, 2024)
The PROSHARES ULTRA 20+ YEAR TREASURY ETF price gained 0.746% on the last trading day (Tuesday, 25th Jun 2024), rising from $20.10 to $20.25. During the last trading day the ETF fluctuated 1.00% from a day low at $20.05 to a day high of $20.25. The price has risen in 7 of the last 10 days and is up by 8.29% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 11 thousand more shares were traded than the day before. In total, 42 thousand shares were bought and sold for approximately $854.81 thousand.
The ETF lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $20.42 will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 5.14% during the next 3 months and, with a 90% probability hold a price between $18.97 and $21.47 at the end of this 3-month period.
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UBT Signals & Forecast
The PROSHARES ULTRA 20+ YEAR TREASURY 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 $20.13 and $19.15. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). PROSHARES ULTRA 20+ YEAR TREASURY has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -0.344%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for PROSHARES ULTRA 20+ YEAR TREASURY ETF
PROSHARES ULTRA 20+ YEAR TREASURY finds support from accumulated volume at $19.27 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.200 between high and low, or 1.00%. For the last week, the ETF has had daily average volatility of 1.48%.
Our recommended stop-loss: $19.45 (-3.96%) (This ETF has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 41 days ago.)
Trading Expectations (UBT) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect PROSHARES ULTRA 20+ YEAR TREASURY PROSHARES ULTRA 20+ YEAR TREASURY to open at $20.18, and during the day (based on 14 day Average True Range), to move between $19.85 and $20.65, which gives a possible trading interval of +/-$0.404 (+/-2.00%) up or down from last closing price. If PROSHARES ULTRA 20+ YEAR TREASURY PROSHARES ULTRA 20+ YEAR TREASURY takes out the full calculated possible swing range there will be an estimated 3.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $20.32 (0.35%) than the support at $19.27 (4.84%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is PROSHARES ULTRA 20+ YEAR TREASURY PROSHARES ULTRA 20+ YEAR TREASURY ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for PROSHARES ULTRA 20+ YEAR TREASURY ETF to perform well in the short-term.
Current score: 1.274 Buy Candidate Unchanged
Predicted Opening Price for PROSHARES ULTRA 20+ YEAR TREASURY PROSHARES ULTRA 20+ YEAR TREASURY of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $20.18 ( 0.329%) | $20.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UBT
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 20.38 | 0.658% |
| R2 | 20.31 | 0.281% |
| R1 | 20.26 | 0.0481% |
| Price | 20.25 | |
| S1 | 20.11 | -0.707% |
| S2 | 20.06 | -0.94% |
| S3 | 19.98 | -1.32% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 20.32 | 0.346% |
| Price | 20.25 | |
| S1 | 19.27 | -4.84% |
| S2 | 18.63 | -8.00% |
| S3 | 17.93 | -11.46% |
UBT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 20, 2024 | Mar 20, 2024 | Mar 27, 2024 | $0.150 | 0.740% |
| 2 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | $0.220 | 0.96% |
| 3 | Jan 31, 2023 | Sep 20, 2023 | Sep 27, 2023 | $0.201 | 1.11% |
| 4 | Jan 31, 2023 | Jun 21, 2023 | Jun 28, 2023 | $0.236 | 0.93% |
| 5 | Jan 31, 2023 | Mar 22, 2023 | Mar 29, 2023 | $0.137 | 0.527% |
FAQ
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