Wednesday June 19, 2019 Change 0.00% Price £366.00
Chart period: 2019-03-20 - 2019-06-19
VOLUME
Sell
TREND
Sell
MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

Will SAA.L stock price go up or down on Thu, 20 Jun 2019?

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PROSHARES ULTRA SMALLCAP600 PROSHARES ULTRA SMALLCAP600 Forecast and Stock Analysis

Technical SAA.L stock analysis for Wednesday June 19, 2019.

Sell candidate since 2019-06-19


No changes to the price of PROSHARES ULTRA SMALLCAP600 PROSHARES ULTRA SMALLCAP600 in the last trading day ( Wednesday, 19th Jun 2019 ). During day the stock fluctuated 0.00% from a day low at £366.00 to a day high of £366.00. The price has risen in 5 of the last 10 days and is up by 4.87% over the past 2 weeks.

Quick summary:

  • 30 day high of the SAA.L stock price was £379.00 and low was £342.00.
  • 90 day high was £405.00 and low was £342.00.
  • 52 week high for the PROSHARES ULTRA SMALLCAP600 PROSHARES ULTRA SMALLCAP600 - £405.00 and low - £2.82.

Trend

PROSHARES ULTRA SMALLCAP600 PROSHARES ULTRA SMALLCAP600 lies the upper part of a wide and falling trend in the short term, and this will 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 £371.49 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -7.34% during the next 3 months and, with 90% probability hold a price between £309.84 and £344.23 at the end of this period.

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Signals

PROSHARES ULTRA SMALLCAP600 PROSHARES ULTRA SMALLCAP600 holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at £363.29 and £364.13. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Tuesday June 18, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

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Relative Strength Index (RSI)

RSI14 is 50 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

PROSHARES ULTRA SMALLCAP600 PROSHARES ULTRA SMALLCAP600 finds support from accumulated volume at £362.00.

Support: £362.00 Price: £366.00 Resistance: £375.00

Risk

This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved £0.00 between high and low, or 0.00%. For the last week the stock has had a daily average volatility of 2.76%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

2.76 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

PROSHARES ULTRA SMALLCAP600 PROSHARES ULTRA SMALLCAP600 holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Sell Candidate.

Sell Candidate Downgraded

Will SAA.L stock price go up or down on Thu, 20 Jun 2019?

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