Investors can use this prediction interface to forecast ProShares Ultra historic prices and determine the direction of ProShares Ultra Industrials future trends based on various well-known forecasting models. However looking at historical price movement exclusively is usually misleading. Macroaxis recommends to always use this module together with analysis of ProShares Ultra historical fundamentals such as revenue growth or operating cash flow patterns. Also please take a look at Historical Fundamental Analysis of ProShares Ultra to cross-verify your projections.
On September 16, 2019 ProShares Ultra Industrials had Daily Balance Of Power of 1.0. Balance of Power indicator (or BOP) measures the strength of ProShares Ultra Industrials market sensitivity to bulls and bears. It estimates the ability of ProShares Ultra buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring ProShares Ultra Balance of Power indicator one can determine a trend of the price direction.
On September 17 2019 ProShares Ultra Industrials was traded for 80.80 at the closing time. Highest ProShares Ultra's price during the trading hours was 80.80 and the lowest price during the day was 80.14 . The net volume was 222. The overall trading history on 17 of September contributed to the next trading period price escalation. The trading price change to the next next day price was 0.19% . The trading delta at closing time to current price is 2.75% .
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.