(UPRO) ProShares UltraPro S&P500 - Ratings and Ratios

The ProShares UltraPro S&P500 (UPRO) is a leveraged ETF designed to provide amplified daily returns of the S&P 500 index, which tracks the performance of the 500 largest US-listed companies. By utilizing a combination of financial instruments, the fund aims to achieve a daily return that is consistent with its Daily Target, effectively providing triple the daily return of the S&P 500 index.

The funds investment strategy involves maintaining leveraged exposure to at least 80% of its total assets in components of the S&P 500 index or in instruments with similar economic characteristics. As a non-diversified fund, UPROs investment approach is focused on maximizing returns rather than diversifying its portfolio. This makes it a high-risk, high-reward investment suitable for sophisticated traders and investors.

From a technical analysis perspective, the current price of UPRO is 83.73, with key support and resistance levels identified at 81.3, 76.8, 71.9, 64.2 and 96.2, 92.8, 88.9, 85.5, respectively. The funds short-term moving averages (SMA20: 80.45, SMA50: 71.04) indicate a bullish trend, while the SMA200 (83.68) suggests a potential reversal. The Average True Range (ATR: 2.93 = 3.50%) indicates moderate volatility.

Based on the technical and fundamental data, a forecast for UPRO can be made. With the S&P 500 index exhibiting a strong upward trend, UPRO is likely to continue its bullish run. However, the funds leveraged nature and high volatility make it susceptible to significant price swings. If the S&P 500 index continues to rise, UPRO may test its resistance levels at 85.5 and 88.9. Conversely, a decline in the S&P 500 index could lead to a drop in UPROs price, potentially testing its support levels at 81.3 and 76.8. With an AUM of $3864.33M USD, UPRO remains a liquid and viable option for traders seeking leveraged exposure to the S&P 500 index.

Given the current market conditions and technical indicators, a potential trading strategy for UPRO could involve buying on dips to support levels (81.3, 76.8) and selling on rallies to resistance levels (85.5, 88.9). However, traders should be cautious of the funds high volatility and adjust their strategies accordingly. It is essential to continuously monitor the funds performance and adjust the trading strategy as needed to maximize returns and minimize losses.