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ProShares - Ultra Gold

UGL Technical Analysis Summary (AMEX)

Analyze UGL on the AMEX with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

UGL●AMEX
Financial ServicesAsset Management - Leveraged
$57.09
$2.16(3.93%)
U.S. Market opens in 62h 50m

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

UGL Technical Analysis Summary (AMEX)

ProShares - Ultra Gold (AMEX: UGL) stock currently shows a bullish trend on the AMEX, supported by momentum and strong buying pressure.

Overall Sentiment:Buy
Momentum:Bullish to Bearish Risk (RSI: 71.46)
Trend Strength:Moderate (ADX: 27.52)
Volatility:Medium (ATR: 1.90)
Support/Resistance:$41.27 – $57.39 (Bollinger Bands)

Technical conditions suggest ProShares - Ultra Gold on the AMEX is awaiting a decisive move. Technical conditions suggest ProShares - Ultra Gold is consolidating, awaiting a decisive move.

Momentum Indicators

RSI (14): 71.46

Bearish
Overbought, selling pressure may emerge.

Stochastic %K: 98.49

Bearish
Overbought levels may trigger pullback.

Williams %R: -1.96

Bearish
Overbought levels may trigger correction.

Rate of Change (ROC): 29.46

Strongly Bullish
Strong upside momentum.

Takeaway:ProShares - Ultra Gold shows overheated momentum, with risk of near-term pullback.

Trend & Volatility

MACD: 2.32

Bullish
Bullish, trend momentum is strengthening.

ADX: 27.52

Moderate
Moderate trend, direction gaining strength.

ATR (14): 1.90

Low
Low volatility, stable price action.

CCI (14): 189.89

Bearish Risk
Bearish risk, overbought levels suggest caution.

Takeaway:ProShares - Ultra Gold shows a firm trend supported by momentum, though one signal suggests caution.

Support & Resistance indicators
Bollinger Bands
Upper Band
$57.39
Middle Band (SMA 20)
$49.33
Lower Band
$41.27
Current Position
Within Bands

Takeaway:ProShares - Ultra Gold trades closer to resistance, supported by stronger momentum within bands.

Keltner Channels
Upper Channel
$54.38
Middle Line (EMA 20)
$50.57
Lower Channel
$46.76
Squeeze Status
No Squeeze

Takeaway:ProShares - Ultra Gold trades near the upper channel, signaling resistance and risk of pullback.

Volume & Money Flow Analysis
On-Balance Volume17.65M
Money Flow Index86.38Bearish risk, overbought conditions may trigger pullback.
Relative Vigor Index73.17Bullish, price momentum strongly favors buyers.

Overall Takeaway:UGL shows overheated money flow, with risk of pullback from overbought conditions.

Technical Trading Signals Summary
Based on the current technical analysis of ProShares - Ultra Gold (AMEX: UGL), here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

MACD above 0 → bullish trend confirmation.

ADX above 20 → strong underlying trend.

Price trading above middle Bollinger Band → mid-term support intact.

Bearish Signals

Price near upper Bollinger Band → potential resistance and pullback risk.

MFI above 80 → overbought conditions may limit upside.

Overall Recommendation:ProShares - Ultra Gold currently shows a Buy with caution signal — momentum and trend strength are positive, but price is close to resistance and may face short-term pullbacks.

(AMEX: UGL) Technical Analysis FAQ