Index Trend Analysis Report
Prepared for you on Monday, May 25, 2020.
ProShares Ultra Bloomberg Crude Oil (GIF:UCO)
Long-Term Uptrend (+90) - UCO is in a strong uptrend that is likely to continue. While UCO is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid UCO?
MarketClub looks at technical strength and momentum to determine if the timing is right for UCO.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for UCO
The long-term trend has been UP since Apr 21st, 2020 at 22.3480
The intermediate-term trend has been UP since Apr 21st, 2020 at 2.9354
The short-term trend has been UP since May 15th, 2020 at 17.6954
Smart Scan Analysis for UCO
Based on our trend formula, UCO is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).