Index Trend Analysis Report
Prepared for you on Tuesday, October 27, 2020.
ProShares Ultra VIX Short-Term Futures ETF (GIF:UVXY)
Sidelines Mode (-55) - UVXY 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 UVXY?
MarketClub looks at technical strength and momentum to determine if the timing is right for UVXY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for UVXY
The long-term trend has been DOWN since Jul 20th, 2020 at 27.021
The intermediate-term trend has been DOWN since Sep 18th, 2020 at 18.726
The short-term trend has been UP since Oct 26th, 2020 at 18.119
Smart Scan Analysis for UVXY
Based on our trend formula, UVXY is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).