Index Trend Analysis Report
Prepared for you on Monday, October 19, 2020.
ProShares Ultra Gold (GIF:UGL)
Weak Uptrend (+65) - UGL is showing signs of weakening momentum to the upside. Monitor UGL as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid UGL?
MarketClub looks at technical strength and momentum to determine if the timing is right for UGL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for UGL
The long-term trend has been UP since Apr 9th, 2020 at 59.708
The intermediate-term trend has been DOWN since Sep 8th, 2020 at 70.640
The short-term trend has been UP since Oct 9th, 2020 at 71.096
Smart Scan Analysis for UGL
Based on our trend formula, UGL is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).