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 Average36.02 Bullish
UWM 50-day Moving Average37.67 Bearish
UWM MACD (12,26)-1.16 MACD sentiment is Bullish
UWM MACD Signal-1.92
UWM MACD Histogram0.76
UWM 50-day Raw Stochastics47.70 Bearish, yet close to become Bullish
UWM Stochastics %K(50)35.64
UWM Stochastics %D(50)29.23
UWM RSI, Relative Strength Index (20)62.21Bullish
UWM Average Gain0.39
UWM Average Loss0.23
UWM MFI, Money Flow Index (14)57.42 Bullish
UWM Positive Money Flow274 M
UWM Negative Money Flow203 M
UWM 20-day Volume Oscillator1.36Extremely Bearish Volume
UWM Percentage Volume Oscillator35.73
UWM MV Oscillator-35.73
UWM 20-day Average True Range (ATR)1.31Bearish
1.5
UWM 14-day Standard Deviation0.94
UWM 14-day Relative Deviation2.66 %
UWM Annualized Volatility42.26
UWM Overall Mid-Term Sentiment
1.5 (Bullish, Weak)

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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