PROSHARES ULTRA 20+ YEAR TREASURY ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
PROSHARES ULTRA 20+ YEAR TREASURY ETF downgraded from Buy Candidate to Sell Candidate after Friday trading session.
(Updated on Jun 28, 2024)
The PROSHARES ULTRA 20+ YEAR TREASURY ETF price fell by -3.68% on the last day (Friday, 28th Jun 2024) from $19.55 to $18.83. During the last trading day the ETF fluctuated 4.51% from a day low at $18.83 to a day high of $19.68. The price has been going up and down for this period, and there has been a -5.85% loss for the last 2 weeks. Volume has increased on the last day by 138 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 176 thousand shares were bought and sold for approximately $3.31 million.
The ETF lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $18.43 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the ETF is expected to rise 7.74% during the next 3 months and, with a 90% probability hold a price between $19.85 and $22.12 at the end of this 3-month period.
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UBT Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The PROSHARES ULTRA 20+ YEAR TREASURY ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $19.75 and $19.21. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -7.33%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.
Support, Risk & Stop-loss for PROSHARES ULTRA 20+ YEAR TREASURY ETF
PROSHARES ULTRA 20+ YEAR TREASURY finds support from accumulated volume at $18.63 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 $0.85 between high and low, or 4.51%. For the last week, the ETF has had daily average volatility of 1.64%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (UBT) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect PROSHARES ULTRA 20+ YEAR TREASURY PROSHARES ULTRA 20+ YEAR TREASURY to open at $19.11, and during the day (based on 14 day Average True Range), to move between $18.38 and $19.28, which gives a possible trading interval of +/-$0.447 (+/-2.37%) 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 4.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $18.63 (1.06%) than the resistance at $19.18 (1.86%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is PROSHARES ULTRA 20+ YEAR TREASURY PROSHARES ULTRA 20+ YEAR TREASURY ETF A Buy?
The PROSHARES ULTRA 20+ YEAR TREASURY ETF holds several negative signals and despite the positive trend, we believe PROSHARES ULTRA 20+ YEAR TREASURY will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Sell candidate.
Current score: -1.879 Sell Candidate Downgraded
Predicted Opening Price for PROSHARES ULTRA 20+ YEAR TREASURY PROSHARES ULTRA 20+ YEAR TREASURY of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $19.11 ( 1.50%) | $18.83 |
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 | 19.96 | 6.02% |
| R2 | 19.64 | 4.29% |
| R1 | 19.44 | 3.23% |
| Price | 18.83 | |
| S1 | 18.79 | -0.220% |
| S2 | 18.59 | -1.29% |
| S3 | 18.26 | -3.01% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 19.52 | 3.66% |
| R2 | 19.27 | 2.34% |
| R1 | 19.18 | 1.86% |
| Price | 18.83 | |
| S1 | 18.63 | -1.06% |
| S2 | 18.23 | -3.19% |
| S3 | 17.93 | -4.78% |
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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