Index Trend Analysis Report
Prepared for you on Friday, March 5, 2021.
ProShares Ultra MSCI Brazil Capped (GIF:UBR)
Countertrend Down (-85) - UBR is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid UBR?
MarketClub looks at technical strength and momentum to determine if the timing is right for UBR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for UBR
The long-term trend has been DOWN since Mar 2nd, 2021 at 25.572
The intermediate-term trend has been DOWN since Jan 21st, 2021 at 33.136
The short-term trend has been UP since Mar 4th, 2021 at 27.590
Smart Scan Analysis for UBR
Based on our trend formula, UBR is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).