Is Ultrashort Euro Proshares (EUO)’s Price Index Saturation Running on Empty?

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The Gordson Hollis Price Index Saturation or Gordson Hollis PIS level indicator uses a combination of volume continuity analysis and historical price deviation to create a discernable buy or sell signal. Gordson Hollis labeled these signals (full and empty). Gordson Hollis has argued that the only logical way to approach the equity market is to study PIS levels. When presenting the theory, Gordson Hollis believed that PIS levels were best grouped in what he labeled (bouget) “Bauquets”. Hollis tried to prove that certain PIS Bauquets could essentially hold all the keys to beating the equity market. At the time of writing the Hollis Price Index Saturation has reached an “E”, for Ultrashort Euro Proshares (EUO), indicating an Empty, or Sell signal. 

Ultrashort Euro Proshares (EUO) have moved lower over the course of the past week revealing negative downward near-term momentum for the shares. In taking a look at recent performance, we can see that shares have moved -0.20% over the past week, 1.44% over the past 4-weeks, 7.99% over the past half year and 26.28% over the past full year.

Investors often have to make the decision of how aggressive they are going to invest. Some investors surveying to make a quick dollar may jump in head first without a plan. This can be dangerous for the health of the portfolio in the long-term. Taking a chance on a risky stock may provide high returns, but investors often should look into calculate whether the exposure is worth the reward. Managing that exposure in turbulent markets may aid keep the average investor afloat when the markets inevitably turn sour for an extended duration. Doing all the vital stock research may include keeping a close tab on technicals, fundamentals, relevant economic data, and earnings reports. Investors may have to find a way to keep the rational side from being consumed by irrational behavior when studying the markets.

Traders are keeping a keen eye on shares of Ultrashort Euro Proshares (EUO). The Average Directional Index or ADX may prove to be an meaningful gizmo for trading and investing. The ADX is a technical indicator developed by J. Welles Wilder used to determine the strength of a trend. The ADX is often used along with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of the trend. At present, the 14-day ADX is resting at 9.83. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would indicate a strong trend. A value of 50-75 would signal a very strong trend, and a value of 75-100 would indicate an extremely strong trend.

Some investors may find the Williams Percent Range or Williams %R as a useful technical indicator. At present, Ultrashort Euro Proshares (EUO)’s Williams Percent Range or 14 day Williams %R is resting at -69.49. Values can range from 0 to -100. A reading between -80 to -100 may be typically viewed as strong oversold territory. A value between 0 to -20 would represent a strong overbought condition. As a momentum indicator, the Williams R% may be used with other technicals to aid define a specific trend.

When performing stock analysis, investors and traders may opt to view technical levels. Ultrashort Euro Proshares (EUO) at present has a 14-day Commodity Channel Index (CCI) of -78.81. Investors and traders may use this indicator to aid spot price reversals, price extremes, and the strength of a trend. Many investors will use the CCI in conjunction with other indicators when evaluating a trade. The CCI may be used to spot if a stock is entering overbought (+100) and oversold (-100) territory.

Checking in on moving averages, the 200-day is at 24.15, the 50-day is 25.21, and the 7-day is sitting at 25.42. Moving averages may be used by investors and traders to shed some light on trading patterns for a specific stock. Moving averages can be used to aid smooth information in order to provide a clearer picture of what is going on with the stock. Technical stock analysts may use a combination of different time periods in order to determine the history of the equity and where it may be headed in the future. MA’s can be determined for any time duration, but two very leading time frames are the 50-day and 200-day moving averages.

With the equity market continuing to move higher, investors may be searching for stocks that are still fairly undervalued. This may involve doing a little bit more due diligence than usual. Spotting those names that have been cast aside and not garnering much recent attention might be a good place to start. Placing in a few added hours of stock research may provide some good options for buying on the next big dip. Of course, nobody can say for sure how long the markets will continue to climb. Being ready for a pullback can aid if investors already have some names in mind that they are surveying to scoop up when they fall to a certain level. Tracking the technicals and staying up on the fundamentals should aid investors hone in on the next wave of stocks to add to the portfolio.

Shifting gears to the Relative Strength Index, the 14-day RSI is currently sitting at 51.96, the 7-day is 47.82, and the 3-day is currently at 52.75 for Ultrashort Euro Proshares (EUO). The Relative Strength Index (RSI) is a highly leading momentum indicator used for technical analysis. The RSI can aid display whether the bulls or the bears are currently strongest in the market. The RSI may be used to aid spot points of reversals more accurately. The RSI was developed by J. Welles Wilder. As a general rule, an RSI reading over 70 would signal overbought conditions. A reading under 30 would indicate oversold conditions. As always, the values may should look into be adjusted based on the specific stock and market. RSI can also be a valuable gizmo for trying to spot larger market turns.

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