The chart of URTY, the ProShares UltraPro Russell2000 ETF, displays a robust uptrend over recent periods. The ETF, which seeks 3x daily leveraged exposure to the Russell 2000 Index, has surged approximately 30% in the past month amid a rotation into small-cap equities. Year-to-date performance stands at over 40%, with a one-year return topping 130%. This momentum reflects higher highs and lows, with the price recently testing levels near its 52-week high of $78.82 after rebounding from the low of $31.49. Short-term price action includes a pivot top on May 6 followed by minor consolidation, but the broader structure remains bullish as the short-term moving average holds above longer-term ones.
Traders are eyeing key support at recent accumulated volume zones around $75.65 (S1 pivot), $70.15, and $64.28, with deeper support near $60. Resistance looms at the top trend line near $78.61 and the 52-week high of $78.82. Pivot points provide intraday guides: classic pivot at $75.87, with R1 at $76.14 and R3 at $76.63. A break above $78.82 could signal further upside, while a drop below $75.16 (S3) might test lower supports. These levels align with Fibonacci and Camarilla pivots, reinforcing their significance in the current volatile, leveraged environment.
All major moving averages signal buy strength for URTY. The price trades decisively above the MA5 ($75.99), MA10 ($75.40), MA20 ($75.99), MA50 ($73.79), MA100 ($71.79), and MA200 ($65.68). A bullish 10-day MA crossover above the 50-day MA occurred in mid-April, confirming the shift to an uptrend. This alignment supports continuation of the prevailing bullish bias, with shorter EMAs (e.g., EMA10 at $75.95) providing dynamic support during pullbacks.
Momentum indicators present a mixed but predominantly bullish picture. MACD (12,26) reads 0.68 with a buy signal, while RSI(14) at 64.022 also buys, though it recently exited overbought territory, hinting at possible cooling. STOCH(9,6) at 59.286 buys, but STOCHRSI(14) at 89.574 and Williams %R at -0.781 indicate overbought conditions. ADX(14) at 38.09 confirms strong trend strength. The momentum indicator turned positive in early May, bolstering the uptrend case despite short-term divergence risks from volume falling on recent gains.
Recent sessions show volume below average (e.g., 842K vs. 1.29M), creating divergence as prices rise— a potential early warning for consolidation. Over the last 30 days, URTY broke above its upper Bollinger Band, followed by a 3-day advance, suggesting continued upside but with pullback risks. Price action features inside bar formations and Stochastic downturns in some analyses, pointing to tactical opportunities amid high volatility typical of 3x leveraged ETFs.
Tickeron’s AI Daily Buy/Sell Signals leverage artificial intelligence to scrutinize vast market data, technical indicators, and historical price patterns for URTY. These signals identify buy opportunities from bullish momentum shifts and moving average crossovers, and sell cues from overbought RSI exits or Bollinger Band breaks. Traders rely on them to pinpoint entry/exit points, validate trends, and refine strategies based on pattern recognition. Neutral and informative, the AI aids decision-making without emotional bias. Explore the AI signals for URTY to enhance your technical toolkit.
Traders monitor URTY for a potential breakout above $78.82 to extend the uptrend, or failure there leading to tests of $75.65-$70.15 supports. Watch MACD for histogram expansion, RSI for sustained above 60, and volume for confirmation of moves. Overbought oscillators like Williams %R signal caution for pullbacks, while strong ADX supports trend persistence. Pivots around $75.87-$76.36 serve as immediate battlegrounds in this leveraged small-cap play.
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A.I.dvisor indicates that over the last year, URTY has been closely correlated with SSO. These tickers have moved in lockstep 83% of the time. This A.I.-generated data suggests there is a high statistical probability that if URTY jumps, then SSO could also see price increases.
| Ticker / NAME | Correlation To URTY | 1D Price Change % | ||
|---|---|---|---|---|
| URTY | 100% | +2.70% | ||
| SSO - URTY | 83% Closely correlated | -0.61% | ||
| SPXL - URTY | 83% Closely correlated | -0.94% | ||
| TQQQ - URTY | 74% Closely correlated | -0.35% | ||
| QLD - URTY | 74% Closely correlated | -0.23% | ||
| SOXL - URTY | 70% Closely correlated | +7.69% | ||
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