Index Trend Analysis Report
Prepared for you on Saturday, May 30, 2020.
ProShares Ultra VIX Short-Term Futures ETF (GIF:UVXY)
Weak Downtrend (-65) - UVXY is showing signs of a strengthening downtrend. Monitor UVXY as it may be building momentum to the downside.
Is it time to buy, sell, or avoid UVXY?
MarketClub looks at technical strength and momentum to determine if the timing is right for UVXY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for UVXY
The long-term trend has been UP since Feb 27th, 2020 at 19.350
The intermediate-term trend has been DOWN since Apr 14th, 2020 at 46.479
The short-term trend has been DOWN since May 19th, 2020 at 34.620
Smart Scan Analysis for UVXY
Based on our trend formula, UVXY is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).