ProShares Ultra Technology (ROM) Rises 1.13% for Dec 6

Lester Mason
December 8, 2017

The Balance Step reading takes into account the last 5 balance points of the weekly period plotted in step formation on a daily chart. Currently, Ultrapro Biotechnology Proshares (UBIO) has a 14-day ATR of 1.48. The Average True Range is an investor tool used to measure stock volatility. The RSI may be useful for spotting abnormal price activity and volatility. It is important to note that the ATR was not created to determine price direction or to predict future prices. For traders looking to capitalize on trends, the ADX may be an essential technical tool. The ADX alone measures trend strength but not direction. ADX calculations are made based on the moving average price range expansion over a specified amount of time. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. The indicator is non-directional meaning that it gauges trend strength whether the stock price is trending higher or lower. This year's performance is -24.96% while this quarter's performance is -2.08%. The general interpretation of the ATR is the higher the ATR value, the higher the volatility. A value of 25-50 would indicate a strong trend. When Aroon Up or Aroon Down values drop below 50, this indicates loss of upward and downside momentum respectively.

At the time of writing, Ultrapro Short DOW 30 Proshares (SDOW) has a 14-day Commodity Channel Index (CCI) of -102.97. Typically, the CCI oscillates above and below a zero line. The RSI oscillates on a scale from 0 to 100. Using the ADX with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) may help determine the direction of the trend as well as the overall momentum. The ATR is an indicator developed by J. Welles Wilder.


The Williams Percent Range or Williams %R is a technical indicator worth taking a look at. Ultrapro Biotechnology Proshares (UBIO) now has a 14 day Williams %R of -60.66. A CCI closer to +100 may provide an overbought signal, and a CCI near -100 may offer an oversold signal. The Williams %R was developed by Larry Williams. A reading between 0 and -20 would indicate an overbought situation. A reading from -80 to -100 would indicate an oversold situation. CCI may also be used to help discover divergences that could possibly signal reversal moves. Employing the use of the moving average for technical equity analysis is still highly popular among traders and investors. Moving averages can be very helpful for identifying peaks and troughs. In some cases, MA's may be used as strong reference points for finding support and resistance levels. After a recent check, the 14-day RSI is now at 55.82, the 7-day stands at 53.59, and the 3-day is sitting at 53.07.

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