UCO in Buy ZoneMy trading plan is very simple.
I buy or sell when at three of these events happen:
* Price tags the top or bottom of parallel channel zones
* Money flow spikes beyond it's Bollinger Bands
* Stochastic Momentum Index (SMI) at near oversold overbought level
* Price at Fibonacci levels
So...
Here's
Key stats
About PROSHARES TRUST II
Home page
Inception date
Nov 25, 2008
Structure
Commodities Pool
Dividend treatment
Distributes
Distribution tax treatment
No distributions
Income tax type
60/40
Max ST capital gains rate
27.84%
Max LT capital gains rate
27.84%
Primary advisor
ProShare Advisors LLC
Distributor
SEI Investments Distribution Co.
UCO seeks double the return of its futures-based index on a daily basisreflecting both the returns due to price changes on WTI futures contracts as well as any return (positive or negative) from rolling those futures contracts. As a geared product, UCO is designed for a one-day holding period, it`s not appropriate for buy-and-hold investors. Daily compounding can lead to the fund`s returns varying significantly from those of the index over holding periods of greater than one day. UCO is a great choice for a leveraged energy play.
Classification
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.00%
Top 10 holdings
UCO Stock Chart Fibonacci Analysis 021125Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 28/61.80%
Chart time frame: B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress: A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) 61.80% support
D) Hit the bottom
E
Slowly starting to scale in on OILThe fundamental outlook for oil is looking bullish. Despite seasonality favoring lower crude oil prices towards the end of the year, the conflicts in the Middle East are pushing prices higher.
Technically, the downward move that has been in place since the beginning of July could now experience a co
UCO to $30MODs have suggested that I provide more detail about the picks I make.
Sorry. I'm not as verbose as y'all, and I don't like things to be complicated.
My trading system is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
Bonus if a TTM
UCO a crude oil ETF LONGUCO popped in April and then dropped into a consolidation in May and June where
it set up a base shown by the POC line on the volume profile. Once over the POC
on July 6th on the daily chart coinciding with a golden cross on the HMA 56/210
combination the bull trend began. The dual time frame R
Crude Awakening: Why Oil is Set to Explode Crude Oil has been in Wave 2 since June of last year, which is a corrective wave that typically follows a five-wave impulsive move. During this time, prices have been consolidating in a range, forming a base for the next impulsive move to the upside. Recently, Crude Oil bottomed out during the middl
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Related funds
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
UCO trades at 21.90 USD today, its price has risen 6.10% in the past 24 hours. Track more dynamics on UCO price chart.
UCO net asset value is 20.97 today — it's risen 4.35% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
UCO assets under management is 384.27 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
UCO price has risen by 9.94% over the last month, and its yearly performance shows a −36.71% decrease. See more dynamics on UCO price chart.
NAV returns, another gauge of an ETF dynamics, showed a −26.34% decrease in three-month performance and has decreased by −30.88% in a year.
NAV returns, another gauge of an ETF dynamics, showed a −26.34% decrease in three-month performance and has decreased by −30.88% in a year.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
UCO invests in cash. See more details in our Analysis section.
UCO expense ratio is 1.43%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
Yes, UCO is a leveraged ETF, meaning it uses borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, UCO technical analysis shows the neutral rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating UCO shows the sell signal. See more of UCO technicals for a more comprehensive analysis.
Today, UCO technical analysis shows the neutral rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating UCO shows the sell signal. See more of UCO technicals for a more comprehensive analysis.
No, UCO doesn't pay dividends to its holders.
UCO trades at a premium (2.19%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
UCO shares are issued by ProShare Advisors LLC
UCO follows the Bloomberg Commodity Balanced WTI Crude Oil Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Nov 25, 2008.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.