TWM Forecast and Technical Stock AnalysisBuy candidate since 2019-07-17
ProShares UltraShort Russell2000 gained 1.42% in the last trading day ( Wednesday, 17th Jul 2019 ), rising from $14.83 to $15.04 , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During day the stock fluctuated 1.96% from a day low at $14.82 to a day high of $15.11. The price has been going up and down for this period, and there has been a 1.42% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 284 414 more shares were traded than the day before. In total, 716 573 shares bought and sold for approximately $10.78 million.
- 30 day high of the TWM stock price was $15.72 and low was $14.29.
- 90 day high was $17.12 and low was $14.00.
- 52 week high for the ProShares UltraShort Russell2000 - $23.55 and low - $13.00.
ProShares UltraShort Russell2000 is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend you can expect ProShares UltraShort Russell2000 with 90% probability to be traded between $14.36 and $17.22 at the end of this period with 90% probability. 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 roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
A buy signal was issued from a pivot bottom point on Friday July 12, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. ProShares UltraShort Russell2000 holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $15.40. On a fall, the stock will find some support from the short-term average at $14.83. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 37 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
Support & Resistance
ProShares UltraShort Russell2000 finds support from accumulated volume at $14.83.
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 $0.29 (1.96%) between high and low. For the last week, the stock has had a daily average volatility of 2.13%.
Our recommended stoploss: $14.19 (-5.66%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 3 days ago.)
2.13 %Average volatility
Very Low Low Medium High Very High
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 this stock to perform well in the short-term period. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.
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