Index Trend Analysis Report
Prepared for you on Friday, January 15, 2021.
ProShares Ultra 20+ Year Treasury (GIF:UBT)
Bear Market Rally (-75) - UBT is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on UBT as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid UBT?
MarketClub looks at technical strength and momentum to determine if the timing is right for UBT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for UBT
The long-term trend has been DOWN since Oct 5th, 2020 at 64.125
The intermediate-term trend has been DOWN since Oct 5th, 2020 at 65.438
The short-term trend has been UP since Jan 13th, 2021 at 57.979
Smart Scan Analysis for UBT
Based on our trend formula, UBT is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).