Wednesday May 22, 2019 Change 0.89% Price $30.64
Chart period: 2019-02-25 - 2019-05-22
VOLUME
Sell
TREND
Sell
MV LONG
Buy

MV SHORT
Sell

PIVOT
Buy

MACD
Buy

Will SPXU stock price go up or down on Thu, 23 May 2019?

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ProShares UltraPro Short S&P500 Forecast and Stock Analysis

Technical SPXU stock analysis for Wednesday May 22, 2019.

Hold candidate since 2019-05-22
Shorts 0.16% ( 2013-01-15 )
Insider % n/a
Institutional % n/a
Beta -2.96
ROA n/a
Price to book n/a
P/E Ratio n/a
Next Earnings Date n/a


ProShares UltraPro Short S&P500 gained 0.89% in the last trading day ( Wednesday, 22nd May 2019 ), rising from $30.37 to $30.64 During day the stock fluctuated 1.60% from a day low at $30.33 to a day high of $30.81. The price has been going up and down for this period, and there has been a 1.86% gain for the last 2 weeks. Volume fell in the last day by -0.33 million shares, and in total, 3.78 million shares bought and sold for approximately $115.81 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Quick summary:

  • 30 day high of the SPXU stock price was $32.52 and low was $27.91.
  • 90 day high was $35.79 and low was $27.91.
  • 52 week high for the ProShares UltraPro Short S&P500 - $57.87 and low - $27.91.

Trend

ProShares UltraPro Short S&P500 lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -12.13% during the next 3 months and, with 90% probability hold a price between $23.76 and $27.85 at the end of this period.

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Signals

ProShares UltraPro Short S&P500 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 $30.72. On a fall, the stock will find some support from the long-term average at approximately $29.65. 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 Tuesday May 21, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.

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Relative Strength Index (RSI)

RSI14 is 58 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

ProShares UltraPro Short S&P500 finds support from accumulated volume at $30.59.

Support: $30.59 Price: $30.64 Resistance: $32.20

Risk

This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.48 between high and low, or 1.60%. For the last week, the stock has had a daily average volatility of 2.58%.

Our recommended stoploss: $28.96 (-5.48%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)

2.58 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

ProShares UltraPro Short S&P500 holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.

Hold/Accumulate Upgraded
Previous Hold Today SPXU ranks #2187 as HOLD CANDIDATE #2187 Next Hold

Will SPXU stock price go up or down
on Thu, 23 May 2019?

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