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Index Trend Analysis Report

Prepared for you on Friday, February 26, 2021.

ProShares UltraShort Euro (GIF:EUO)

Sidelines Mode (-55) - EUO is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid EUO?

MarketClub looks at technical strength and momentum to determine if the timing is right for EUO.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open High Low EUO Price Change
22.694 23.093 22.694 23.060 +0.377
Entry Signal

MarketClub’s Trade Triangles for EUO

long term down The long-term trend has been DOWN since Jul 15th, 2020 at 25.921

intermediate term down The intermediate-term trend has been DOWN since Feb 22nd, 2021 at 22.790

short term up The short-term trend has been UP since Feb 26th, 2021 at 22.910

Smart Scan Analysis for EUO

Based on our trend formula, EUO is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for EUO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
22.694 23.093 22.694 23.060 +0.377
Prev. Close Volume Bid Ask Time
22.683 0 2021-02-26 16:27:45
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