RSI low/high Values: [ 20 - 70 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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Stronger technical forecast for ProShares Ultra Yen ETF price after Thursday trading.
(Updated on Mar 28, 2024)

Hold candidate since Mar 28, 2024 PDF

The ProShares Ultra Yen ETF price fell by -0.426% on the last day (Thursday, 28th Mar 2024) from $23.45 to $23.35. During the last trading day the ETF fluctuated 0.385% from a day low at $23.35 to a day high of $23.44. The price has fallen in 7 of the last 10 days and is down by -4.46% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -17 thousand shares and in total, 46 thousand shares were bought and sold for approximately $1.07 million.

The ETF lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $23.12 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the ETF is expected to fall -9.61% during the next 3 months and, with a 90% probability hold a price between $20.90 and $22.46 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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YCL Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, March 21, 2024, and so far it has risen 0.0428%. Further rise is indicated 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. The ProShares Ultra Yen ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $23.40 and $23.97. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for ProShares Ultra Yen ETF

ProShares Ultra Yen finds support from accumulated volume at $23.34 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the ETF tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the ETF. During the last day, the ETF moved $0.0900 between high and low, or 0.385%. For the last week the ETF has had daily average volatility of 0.393%.

ProShares Ultra Yen is oversold on RSI14 (7). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: $21.75 (-6.85%) (This ETF has low daily movements and this gives low risk. Low RSI14 is 7 which reduces the risk some. There is a buy signal from a pivot bottom found 5 days ago.)

Trading Expectations (YCL) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect ProShares Ultra Yen ETF to open at $23.38, and during the day (based on 14 day Average True Range), to move between $23.13 and $23.57, which gives a possible trading interval of +/-$0.220 (+/-0.94%) up or down from last closing price. If ProShares Ultra Yen ETF takes out the full calculated possible swing range there will be an estimated 1.88% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $23.34 (0.04%) than the resistance at $23.45 (0.43%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is ProShares Ultra Yen ETF ETF A Buy?

ProShares Ultra Yen holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.972 Hold/Accumulate Upgraded

Predicted Opening Price for ProShares Ultra Yen ETF of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$23.38 ( 0.128%) $23.35

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for YCL

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 23.47 0.514 %
R2 23.44 0.367 %
R1 23.41 0.276 %
Current price: 23.35
Support S1 23.35 -0.0188 %
S2 23.32 -0.110 %
S3 23.29 -0.257 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 24.56 5.18 %
R2 23.58 0.99 %
R1 23.45 0.428 %
Current price 23.35
Support S1 23.34 -0.0428%
S2 0 .
S3 0 .

FAQ

What is the symbol for ProShares Ultra Yen ETF ETF and on which exchange is it traded?
The symbol for ProShares Ultra Yen ETF is YCL and it is traded on the NYSEARCA (NYSE Arca).

Should I buy or sell ProShares Ultra Yen ETF ETF?
ProShares Ultra Yen holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy ProShares Ultra Yen ETF ETF?
ProShares Ultra Yen ETF ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy ProShares Ultra Yen ETF ETF.

What's the current price of ProShares Ultra Yen ETF ETF?
As of the end of day on the 2024-03-28, the price of an ProShares Ultra Yen ETF (YCL) share was $23.35.

What is the 52-week high and low for ProShares Ultra Yen ETF ETF?
The 52-week high for ProShares Ultra Yen ETF ETF is $33.94 and the 52-week low is $23.28.

What is the market capitalization of ProShares Ultra Yen ETF ETF?
As of the 2024-03-28, the market capitalization of ProShares Ultra Yen ETF is 31.115M.
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About ProShares Ultra Yen ETF

The fund seeks to meet its investment objective by investing under normal market conditions in any one of, or combinations of, Financial Instruments based on the fundâ??s benchmark. It will also hold cash or cash equivalents such as U.S. Treasury securities or other high credit quality, short-term fixed-income or similar securities as collateral for Financial Instruments and pending investment in Financial Instruments.... YCL Profile

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