PROSHARES ULTRASHORT EURO (EUO) Stock Technical Analysis
NYSEARCA:EUO - NYSE Arca - US74347W8828 - ETF - Currency: USD
Overall EUO gets a technical rating of 0 out of 10. EUO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
71% of all other stocks performed better in the past year than EUO.
EUO is currently trading near the lower end of its 52 week range, which is not a good sign. EUO is lagging the S&P500 Index which is trading in the middle of its 52 week range.
EUO is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Although the technical rating is bad, EUO does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 29.15. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 28.95, a Stop Loss order could be placed below this zone.
More info and screens
28.27
36.27
We found 1 important support area.
- A support zone ranging from 28.56 to 28.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 29.15 to 29.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 31.86 to 32.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @34.00 from a trend line in the daily time frame.
- Resistance @35.91 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.86
Mansfield-0.7
10 Day High29.76
10 Day Low28.44
20 Day High32.54
20 Day Low28.44
52 Week High36.07
52 Week Low28.44
Performance
1 Week1.4%
2 Weeks-1.33%
1 Month-10.13%
3 Month-17.09%
6 Month-8.67%
12 Month-7.36%
2 Year2.55%
3 Year-3.61%
5 Year2.84%
10 Year17.72%
15 Year35.58%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.02
RSI(14)34.29
LBB27.87
UBB31.27
28.96
-0.25 (-0.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.86%
1 Week1.4%
2 Weeks-1.33%
1 Month-10.13%
3 Month-17.09%
6 Month-8.67%
12 Month-7.36%
2 Year2.55%
3 Year-3.61%
5 Year2.84%
10 Year17.72%
15 Year35.58%
Volatility
ATR(14)0.66
ATR(20)%2.32%
ATR Inc-38.02%
Range Today0.42
ADR(20)0.5
ADR(20)%1.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.86
Mansfield-0.7
10 Day High29.76
10 Day Low28.44
20 Day High32.54
20 Day Low28.44
52 Week High36.07
52 Week Low28.44
CS1 End28.95
CR1 Start29.15
Volume & EV
DER(3)-4.34%
DER(5)-1%
Volume43.00K
Volume Incr24.54%
Vol(5)48.52K
Vol(50)36.05K