Technical Analysis for GLL - ProShares UltraShort Gold
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| D | 21.19 | 0.14% | 0.03 |
GLL closed down 0.61 percent on Friday, April 26, 2024, on 78 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Strong | Down | Down | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| 20 DMA Resistance | Bearish | 0.14% | |
| NR7 | Range Contraction | 0.14% | |
| Narrow Range Bar | Range Contraction | 0.14% | |
| Stochastic Reached Overbought | Strength | 0.14% | |
| Weak + Overbought | Other | 0.14% | |
| Weak, Overbought and Reversal Signs | Reversal | 0.14% | |
| Overbought Stochastic | Strength | 0.14% | |
| Gapped Down | Weakness | 0.14% | |
| Fell Below 20 DMA | Bearish | -0.47% | |
| Outside Day | Range Expansion | -0.47% |
| Alert | Time |
|---|---|
| 20 DMA Support | about 3 hours ago |
| Outside Day | about 3 hours ago |
| Fell Below Previous Day's Low | about 3 hours ago |
| 60 Minute Opening Range Breakdown | about 5 hours ago |
| Rose Above 20 DMA | about 6 hours ago |
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The investment seeks to provide daily investment results (before fees and expenses) that correspond to twice (200%) the inverse (opposite) of the daily performance of gold bullion as measured by the U.S. Dollar p.m. fixing price for delivery in London.
The “UltraShort” Funds seek daily results that match (before fees and expenses) two times the inverse (-2x) of the daily performance of a benchmark. The UltraShort Funds do not seek to achieve their stated objectives over a period greater than a single day.
Keywords: Exchange Traded Fund ETF Exchange Traded Funds Inverse Exchange Traded Fund Leveraged ETF Ultra ETF Inverse ETF Bear Market ETF Silver Exchange Traded Product Bullion
Classification
Keywords: Exchange Traded Fund ETF Exchange Traded Funds Inverse Exchange Traded Fund Leveraged ETF Ultra ETF Inverse ETF Bear Market ETF Silver Exchange Traded Product Bullion
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 33.4999 |
| 52 Week Low | 19.51 |
| Average Volume | 138,548 |
| 200-Day Moving Average | 27.40 |
| 50-Day Moving Average | 23.86 |
| 20-Day Moving Average | 21.19 |
| 10-Day Moving Average | 20.86 |
| Average True Range | 0.57 |
| RSI (14) | 40.12 |
| ADX | 49.23 |
| +DI | 17.14 |
| -DI | 31.62 |
| Chandelier Exit (Long, 3 ATRs) | 22.45 |
| Chandelier Exit (Short, 3 ATRs) | 21.22 |
| Upper Bollinger Bands | 22.57 |
| Lower Bollinger Band | 19.81 |
| Percent B (%b) | 0.49 |
| BandWidth | 13.01 |
| MACD Line | -0.76 |
| MACD Signal Line | -0.99 |
| MACD Histogram | 0.2321 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 21.59 | ||||
| Resistance 3 (R3) | 21.61 | 21.49 | 21.52 | ||
| Resistance 2 (R2) | 21.49 | 21.38 | 21.48 | 21.49 | |
| Resistance 1 (R1) | 21.32 | 21.31 | 21.41 | 21.30 | 21.47 |
| Pivot Point | 21.20 | 21.20 | 21.25 | 21.19 | 21.20 |
| Support 1 (S1) | 21.04 | 21.10 | 21.12 | 21.02 | 20.85 |
| Support 2 (S2) | 20.92 | 21.03 | 20.91 | 20.83 | |
| Support 3 (S3) | 20.76 | 20.92 | 20.80 | ||
| Support 4 (S4) | 20.73 |
