PROSHARES ULTRA SMALLCAP600 PROSHARES ULTRA SMALLCAP600 Forecast and Stock Analysis
Technical SAA.L stock analysis for March 22, 2019.
|Shorts||4.53% ( 2013-01-15 )|
No changes to the price of PROSHARES ULTRA SMALLCAP600 PROSHARES ULTRA SMALLCAP600 in the last trading day. The price has risen in 5 of the last 10 days and is up by 5.48% over the past 2 weeks.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the SAA.L stock was £385.00.
During day the stock fluctuated 3.38% from a day low at £385.00 to a day high of £398.00.
30 day high of the SAA.L stock price was £398.00 and low was £337.00.
90 day high was £398.00 and low was £280.00.
52 week high for the PROSHARES ULTRA SMALLCAP600 PROSHARES ULTRA SMALLCAP600 - £430.00 and low - £253.00.
PROSHARES ULTRA SMALLCAP600 PROSHARES ULTRA SMALLCAP600 lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 42.17% during the next 3 months and, with 90% probability hold a price between £506.74 and £589.62 at the end of this period.
PROSHARES ULTRA SMALLCAP600 PROSHARES ULTRA SMALLCAP600 holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately £388.00. On a fall, the stock will find some support from the long-term average at approximately £358.44. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Thursday March 21, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention for the next couple of days.
Relative Strength Index (RSI)
RSI14 is 63 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at £325.00 and £300.00.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, PROSHARES ULTRA SMALLCAP600 PROSHARES ULTRA SMALLCAP600 finds support just below today's level at £325.00. If this is broken, then the next support from accumulated volume will be at £300.00 and £290.00.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved £13.00 (3.38%) between high and low. For the last week, the stock has had a daily average volatility of 3.11%.
Our recommended stoploss: £361.40 (-6.13%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)
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Evaluation: Buy Candidate
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 this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.