PROSHARES ULTRAPRO S&P 500 - Daily - Technical analysis published on 07/22/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
33%
22%
44%
My opinion
Bullish above 77.61 USD
My targets
83.92 USD (+4.20%)
My analysis
The bullish trend is currently very strong on PROSHARES ULTRAPRO S&P 500. As long as the price remains above the support at 77.61 USD, you could try to benefit from the boom. The first bullish objective is located at 83.92 USD. The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
6.4
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This analysis was given by elirosemann. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The PROSHARES ULTRAPRO S&P 500 rating is 80.54 USD. The price has increased by +3.11% since the last closing with the lowest point at 78.98 USD and the highest point at 80.79 USD. The deviation from the price is +1.98% for the low point and -0.31% for the high point.78.98
80.79
80.54
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in Daily of this PROSHARES ULTRAPRO S&P 500 chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 8 are neutral and 4 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 59.16 | 68.45 | 77.61 | 80.54 | 83.92 |
| Change (%) | -26.55% | -15.01% | -3.64% | - | +4.20% |
| Change | -21.38 | -12.09 | -2.93 | - | +3.38 |
| Level | Major | Major | Major | - | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 77.61 | 78.29 | 79.42 | 80.10 | 81.23 | 81.91 | 83.04 |
| Camarilla | 80.04 | 80.21 | 80.37 | 80.54 | 80.71 | 80.87 | 81.04 |
| Woodie | 77.83 | 78.40 | 79.64 | 80.21 | 81.45 | 82.02 | 83.26 |
| Fibonacci | 78.29 | 78.99 | 79.41 | 80.10 | 80.80 | 81.22 | 81.91 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 67.57 | 72.62 | 75.37 | 80.42 | 83.17 | 88.22 | 90.97 |
| Camarilla | 75.97 | 76.68 | 77.40 | 78.11 | 78.83 | 79.54 | 80.26 |
| Woodie | 66.41 | 72.05 | 74.21 | 79.85 | 82.01 | 87.65 | 89.81 |
| Fibonacci | 72.62 | 75.60 | 77.44 | 80.42 | 83.40 | 85.24 | 88.22 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 59.09 | 63.67 | 70.26 | 74.84 | 81.43 | 86.01 | 92.60 |
| Camarilla | 73.77 | 74.79 | 75.82 | 76.84 | 77.86 | 78.89 | 79.91 |
| Woodie | 60.09 | 64.17 | 71.26 | 75.34 | 82.43 | 86.51 | 93.60 |
| Fibonacci | 63.67 | 67.94 | 70.58 | 74.84 | 79.11 | 81.75 | 86.01 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 54.30 | |
| MACD (12,26,9): | 1.7000 | |
| Directional Movement: | -0.24 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 82.55 | |
| Parabolic SAR (0,02-0,02-0,2): | 85.04 | |
| Elder Ray (13): | -0.90 | |
| Super Trend (3,10): | 86.02 | |
| Zig ZAG (10): | 80.54 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 35.10 | |
| TEMA (21): | 82.11 | |
| Williams %R (14): | -55.32 | |
| Chande Momentum Oscillator (20): | 0.73 | |
| Repulse (5,40,3): | -2.3200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.4400 | |
| Courbe Coppock: | 8.92 |
| MA7: | 81.81 | |
| MA20: | 80.22 | |
| MA50: | 75.48 | |
| MA100: | 70.71 | |
| MAexp7: | 80.89 | |
| MAexp20: | 79.98 | |
| MAexp50: | 76.04 | |
| MAexp100: | 71.06 | |
| Price / MA7: | -1.55% | |
| Price / MA20: | +0.40% | |
| Price / MA50: | +6.70% | |
| Price / MA100: | +13.90% | |
| Price / MAexp7: | -0.43% | |
| Price / MAexp20: | +0.70% | |
| Price / MAexp50: | +5.92% | |
| Price / MAexp100: | +13.34% |
Quotes :
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15 min delayed data
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NYSE MKT Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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