PROSHARES ULTRA SMALLCAP600 PROSHARES Stock 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
Red day on Tuesday for PROSHARES ULTRA SMALLCAP600 PROSHARES stock after losing 0.272%
(Updated on Apr 23, 2024)
The PROSHARES ULTRA SMALLCAP600 PROSHARES stock price fell by -0.272% on the last day (Tuesday, 23rd Apr 2024) from £183.50 to £183.00. During the last trading day the stock fluctuated 1.20% from a day low at £182.00 to a day high of £184.18. The price has been going up and down for this period, and there has been a 4.57% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -17 thousand shares and in total, 28 thousand shares were bought and sold for approximately £5.06 million.
The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at £184.10 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect PROSHARES ULTRA SMALLCAP600 PROSHARES stock with a 90% probability to be traded between £174.81 and £187.40 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.
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SAA.L Signals & Forecast
The PROSHARES ULTRA SMALLCAP600 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 £182.50 and £177.40. 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). 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, April 19, 2024, and so far it has fallen -0.543%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for PROSHARES ULTRA SMALLCAP600 PROSHARES stock
PROSHARES ULTRA SMALLCAP600 PROSHARES finds support from accumulated volume at £181.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved £2.18 (1.20%) between high and low. For the last week, the stock has had daily average volatility of 1.88%.
Our recommended stop-loss: £176.09 (-3.78%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (SAA.L) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect PROSHARES ULTRA SMALLCAP600 PROSHARES ULTRA SMALLCAP600 to open at £183.06, and during the day (based on 14 day Average True Range), to move between £178.68 and £187.32, which gives a possible trading interval of +/-£4.32 (+/-2.36%) up or down from last closing price. If PROSHARES ULTRA SMALLCAP600 PROSHARES ULTRA SMALLCAP600 takes out the full calculated possible swing range there will be an estimated 4.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £183.50 (0.27%) than the support at £181.00 (1.09%), 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 SMALLCAP600 PROSHARES ULTRA SMALLCAP600 stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for PROSHARES ULTRA SMALLCAP600 PROSHARES stock to perform well in the short-term period.
Current score: 1.527 Buy Candidate Unchanged
Predicted Opening Price for PROSHARES ULTRA SMALLCAP600 PROSHARES ULTRA SMALLCAP600 of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| £183.06 ( 0.0335%) | £183.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SAA.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 185.25 | 1.23 % | |
| R2 | 184.41 | 0.771 % | ||
| R1 | 183.90 | 0.489 % | ||
| Current price: | 183.00 | |||
| Support | S1 | 182.23 | -0.422 % | |
| S2 | 181.71 | -0.704 % | ||
| S3 | 180.88 | -1.16 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 184.00 | 0.546 % | ||
| R1 | 183.50 | 0.273 % | ||
| Current price | 183.00 | |||
| Support | S1 | 181.00 | -1.09% | |
| S2 | 179.00 | -2.19% | ||
| S3 | 173.00 | -5.46% |
SAA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 09, 2024 | May 09, 2024 | Jun 24, 2024 | £1.60 | 0.87% |
| 2 | Jun 08, 2023 | Jun 08, 2023 | Jun 08, 2023 | £1.50 | 0.86% |
| 3 | Sep 24, 2019 | Oct 24, 2019 | Nov 08, 2019 | £2.45 | 1.42% |
| 4 | Mar 27, 2019 | Jun 06, 2019 | Jul 05, 2019 | £8.51 | 2.45% |
| 5 | Mar 27, 2019 | Jun 05, 2019 | Jul 05, 2019 | £8.51 | 2.45% |
FAQ
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