Market Outlook - Daily market outlook that covers next trading session market sentiment as well as gives outlook on short-, mid- and long-term. These market commentaries are based on the market indexes' analysis and covers such indexes as S&P 500, Nasdaq 100, DJI and Russell 2000.

Mid-Term PROSHARES ULTRA RUSSELL 2000 (UWM) Sentiment Analysis


This is an example only of the technical analysis that could be used in an automated trading system. we do not use exact model, yet, principles of analysis and generating trading signals are similar.

IndicatorLastSentiment*
UWM 20-day Moving Average37.70 Bearish
UWM 50-day Moving Average37.89 Bearish
UWM MACD (12,26)-1.30 MACD sentiment is Bearish
UWM MACD Signal-0.35
UWM MACD Histogram-0.95
UWM 50-day Raw Stochastics4.31 Strongly Bearish
UWM Stochastics %K(50)2.82
UWM Stochastics %D(50)7.03
UWM RSI, Relative Strength Index (20)19.88Strongly Bearish
UWM Average Gain0.14
UWM Average Loss0.56
UWM MFI, Money Flow Index (14)22.11 Bearish
UWM Positive Money Flow108 M
UWM Negative Money Flow380 M
UWM 20-day Volume Oscillator0.68No abnormal volume activity
UWM Percentage Volume Oscillator-31.85
UWM MV Oscillator0.00
UWM 20-day Average True Range (ATR)1.29Bearish
-11
UWM 14-day Standard Deviation1.93
UWM 14-day Relative Deviation5.24 %
UWM Annualized Volatility83.12
UWM Overall Mid-Term Sentiment
-11 (Bearish, Extreme)

About PROSHARES ULTRA RUSSELL 2000 (UWM) Sentiment

The PROSHARES ULTRA RUSSELL 2000 sentiment above is 100% mechanical and based on the UWM technical indicators. The PROSHARES ULTRA RUSSELL 2000 sentiment is measured in the frame from minus 12 to plus 12 where UWM sentiment below minus 10 and above pus 10 is associated as oversold and overbought sentiment respectfully. Yet, the PROSHARES ULTRA RUSSELL 2000 overbought and oversold readings may not necessary signal coming reversal, but rather indicate that the UWM stock is predisposed to a reversal.

Our trading signals in the members' area are not based on the same trading system. Therefore the trading signals may not necessary go along with sentiment you see in the table above.

About PROSHARES ULTRA RUSSELL 2000 (UWM) Stock

UWM tracks the Russell 2000 Index (200%). The Russell 2000 Index measures the performance of the small-cap segment of the U.S. equity universe and is comprised of the smallest 2000 companies in the Russell 3000 Index, representing approximately 10% of the total market capitalization of that Index. It includes approximately 2000 of the smallest securities based on a combination of their market cap and current index membership. UWM fund belons to the "Leveraged Equities" stock marketsector. This exchange traded fund was lunched on Tuesday, January 23, 2007.

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