Checking on HMA for ProShares Ultra Semiconductors (ASX:USD): Level Reaches 34.126026

Even with the stock market still riding high, investors may be looking for some bargain stocks to add to the portfolio. Although nobody can say for certain if stocks will continue to climb the ladder, investors may be preparing for the temporary dips in order to get into some positions at more reasonable prices. Always being prepared can help make the tough decisions a bit easier to stomach when the time comes. Coming at the stock market from multiple angles may help investors spot some future winners.  

There are multiple moving average indicators that traders may rely on when conducting stock research. One of the most popular is the Simple Moving Average. The SMA is unweighted, meaning that each period in the set of data is weighted equally. Looking at some SMA levels for ProShares Ultra Semiconductors (ASX:USD), we can see that the 10 day is 33.15701, the 20 day is 32.68483, and the 30 day is 33.11745. Tracking some other time periods, we note that the 50 day SMA is 33.778095 , the 100 day is 37.24745 , and the 200 day SMA is currently 41.14512.

Expanding the technical focus for ProShares Ultra Semiconductors (ASX:USD), we see that the Keltner Channels 20 day upper band is 34.147243, and the 20 day lower band is32.219658. The Keltner Channels indicator is similar to Bollinger Bands and Moving Average Envelopes.

Tracking the Hull Moving Average, we note that the current level is 34.126026. The Hull Moving Average was introduced by Alan Hull. Swing traders often use this indicator in combination with other signals in order to help identify possible entry and exit spots.

Tracking some one month stock pivot points, we note that the Classic Pivot is 31.336666, the Classic resistance 1 is 33.363335, and the Classic support 1 is presently 29.003334. The Fibonacci one month pivot is 31.336666 while the
Fibonacci support 1 pivot is 29.671146, and the Fibonacci support 2 is 28.642187. Looking at one month Woodie pivot, we note the level at 31.71. The Woodie support 1 pivot is 29.75, and the Woodie resistance 1 pivot is 34.11.

Many traders will look to optimize stock trades by using various technical indicators. The Ichimoku Cloud indicator is highly flexible and is commonly used in conjunction with the RSI to help confirm momentum and overall trends. Let’s focus on a few different Ichimoku readings:

Ichimoku Cloud Base Line: 32.435
Ichimoku Cloud Conversion Line: 33.14275
Ichimoku Lead 1: 34.1325
Ichimoku Lead 2: 36.15825

Traders focusing on technical analysis may be interested in following the Awesome Oscillator level. Currently, the reading is 0.22059971. Typically, when the Awesome Oscillator moves above the zero line, this would indicate that the short term momentum is rising quicker than the long term momentum. A cross below the zero line would indicate that short term momentum is dropping faster than the long term momentum.

Traders following shares of ProShares Ultra Semiconductors (ASX:USD) may have noted that the stock most recently closed at 34.62. Going back a full-year, the stock has seen a change of -15.237 over that stretch. Taking the focus in to more recent action, shares have seen a move of 11.569448 over the last week. Over the prior month, the stock has moved 0.6395349. Over the past three months, the stock has moved -26.465591.

Most experienced traders understand how unpredictable the market can be. The market is its own kind of beast that does not care whether the trader makes money or not. Because there are so many different possible trading strategies to use, it can be extremely tough to find one that works. There may be times when traders become overwhelmed with the craziness of daily market action. Wandering through turbulent market climates may require increased discipline and patience. It can be highly tempting for traders to jump into a position based on can’t miss stock tips. Having the patience to make quality, informed trades, may end up helping the trader immensely.