Technical Analysis for EET - ProShares Ultra MSCI Emerging Markets
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| B | 52.38 | -1.95% | -1.04 |
EET closed down 1.95 percent on Friday, May 31, 2024, on approximately normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Strong | Up | Flat | Down |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Fell Below 50 DMA | Bearish | 0.00% | |
| Hammer Candlestick | Bullish | 0.00% | |
| Lizard Bullish | Bullish Day Trade Setup | 0.00% | |
| Down 3 Days in a Row | Weakness | 0.00% | |
| Down 4 Days in a Row | Weakness | 0.00% | |
| Gapped Down | Weakness | 0.00% | |
| Lower Bollinger Band Touch | Weakness | 0.00% | |
| Oversold Stochastic | Weakness | 0.00% | |
| Narrow Range Bar | Range Contraction | -1.95% | |
| Stochastic Reached Oversold | Weakness | -1.95% |
| Alert | Time |
|---|---|
| Non-ADX 1,2,3,4 Pullback Entry | 4 days ago |
| 1,2,3, Pullback Entry | 4 days ago |
| Rose Above Previous Day's High | 4 days ago |
| 1.5x Volume Pace | 4 days ago |
| Possible Inside Day | 7 days ago |
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The investment seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the MSCI Emerging Markets Index®.
The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times (2x) the daily return of the index. The index includes 85% of free float-adjusted market capitalization in each industry group in emerging market countries. The fund is non-diversified.
Keywords: Exchange Traded Fund ETF Exchange Traded Funds Stock Market Index Leveraged ETF Ultra ETF Msci Emerging Markets Index
Classification
Keywords: Exchange Traded Fund ETF Exchange Traded Funds Stock Market Index Leveraged ETF Ultra ETF Msci Emerging Markets Index
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 57.71 |
| 52 Week Low | 40.795 |
| Average Volume | 6,085 |
| 200-Day Moving Average | 48.32 |
| 50-Day Moving Average | 52.51 |
| 20-Day Moving Average | 55.16 |
| 10-Day Moving Average | 55.30 |
| Average True Range | 0.86 |
| RSI (14) | 40.48 |
| ADX | 26.63 |
| +DI | 31.25 |
| -DI | 45.74 |
| Chandelier Exit (Long, 3 ATRs) | 55.14 |
| Chandelier Exit (Short, 3 ATRs) | 53.34 |
| Upper Bollinger Bands | 57.99 |
| Lower Bollinger Band | 52.33 |
| Percent B (%b) | 0.01 |
| BandWidth | 10.26 |
| MACD Line | 0.49 |
| MACD Signal Line | 1.04 |
| MACD Histogram | -0.5534 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 53.12 | ||||
| Resistance 3 (R3) | 53.03 | 52.71 | 52.99 | ||
| Resistance 2 (R2) | 52.71 | 52.52 | 52.75 | 52.95 | |
| Resistance 1 (R1) | 52.54 | 52.40 | 52.63 | 52.63 | 52.91 |
| Pivot Point | 52.22 | 52.22 | 52.26 | 52.26 | 52.22 |
| Support 1 (S1) | 52.05 | 52.03 | 52.14 | 52.14 | 51.85 |
| Support 2 (S2) | 51.73 | 51.91 | 51.77 | 51.81 | |
| Support 3 (S3) | 51.56 | 51.73 | 51.77 | ||
| Support 4 (S4) | 51.65 |
