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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.
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MarketClub’s Trade Triangles for EUO
The long-term trend has been DOWN since Jul 15th, 2020 at 25.921
The intermediate-term trend has been DOWN since Feb 22nd, 2021 at 22.790
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).
| 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 |