Index Trend Analysis Report
Prepared for you on Monday, April 12, 2021.
ProShares Ultra Bloomberg Crude Oil (GIF:UCO)
Sidelines Mode (-55) - UCO 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 UCO?
MarketClub looks at technical strength and momentum to determine if the timing is right for UCO.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for UCO
The long-term trend has been UP since Jan 5th, 2021 at 37.7374
The intermediate-term trend has been DOWN since Mar 23rd, 2021 at 52.4257
The short-term trend has been UP since Apr 12th, 2021 at 54.9424
Smart Scan Analysis for UCO
Based on our trend formula, UCO is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).