PROSHARES ULTRA OIL & GAS PROSHARES Stock Forecast
Green day on Wednesday for PROSHARES ULTRA OIL & GAS PROSHARES stock after gaining 0.360%
(Updated on Mar 27, 2024)
The PROSHARES ULTRA OIL & GAS PROSHARES stock price gained 0.360% on the last trading day (Wednesday, 27th Mar 2024), rising from £278.00 to £279.00. During the last trading day the stock fluctuated 1.12% from a day low at £276.00 to a day high of £279.10. The price has risen in 4 of the last 10 days and is up by 0.72% over the past 2 weeks. Volume fell on the last day by -49 thousand shares and in total, 159 thousand shares were bought and sold for approximately £44.49 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 stockis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at £279.79 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect PROSHARES ULTRA OIL & GAS PROSHARES stock with a 90% probability to be traded between £266.70 and £277.52 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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DIG.L Signals & Forecast
The PROSHARES ULTRA OIL & GAS PROSHARES stock 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 £276.57 and £274.74. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 13, 2024, and so far it has risen 3.33%. 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 stock should be watched closely.
Support, Risk & Stop-loss for PROSHARES ULTRA OIL & GAS PROSHARES stock
PROSHARES ULTRA OIL & GAS PROSHARES finds support from accumulated volume at £277.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £3.10 between high and low, or 1.12%. For the last week the stock has had daily average volatility of 1.11%.
Our recommended stop-loss: £266.65 (-4.43%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 31 days ago.)
Trading Expectations (DIG.L) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect PROSHARES ULTRA OIL & GAS PROSHARES ULTRA OIL & GAS to open at £278.03, and during the day (based on 14 day Average True Range), to move between £275.74 and £282.26, which gives a possible trading interval of +/-£3.26 (+/-1.17%) up or down from last closing price. If PROSHARES ULTRA OIL & GAS PROSHARES ULTRA OIL & GAS takes out the full calculated possible swing range there will be an estimated 2.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £280.00 (0.36%) than the support at £277.00 (0.72%), 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 OIL & GAS PROSHARES ULTRA OIL & GAS stock A Buy?
PROSHARES ULTRA OIL & GAS PROSHARES holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.598 Hold/Accumulate Unchanged
Predicted Opening Price for PROSHARES ULTRA OIL & GAS PROSHARES ULTRA OIL & GAS of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
£278.03 ( 0.347%) | £279.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DIG.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 281.13 | 0.762 % | |
R2 | 279.94 | 0.338 % | ||
R1 | 279.21 | 0.0767 % | ||
Current price: | 279.00 | |||
Support | S1 | 276.85 | -0.771 % | |
S2 | 276.12 | -1.03 % | ||
S3 | 274.94 | -1.46 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 282.00 | 1.08 % | ||
R1 | 280.00 | 0.358 % | ||
Current price | 279.00 | |||
Support | S1 | 277.00 | -0.717% | |
S2 | 274.00 | -1.79% | ||
S3 | 272.00 | -2.51% |
DIG Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 01, 2024 | Feb 01, 2024 | Feb 29, 2024 | £0.0320 | 0.0117% |
2 | Nov 02, 2023 | Nov 02, 2023 | Nov 02, 2023 | £0.0320 | 0.0122% |
3 | Aug 03, 2023 | Aug 03, 2023 | Aug 03, 2023 | £0.0320 | 0.0116% |
4 | May 04, 2023 | May 04, 2023 | May 04, 2023 | £4.10 | 1.37% |
5 | Dec 06, 2022 | Feb 02, 2023 | Feb 24, 2023 | £3.00 | 1.01% |
FAQ
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