Weekly Performance Report for UTSL ETF: Week 47, 2024
Summary: The Weekly started with UTSL ETF opening at $37.67 and closing at $39.67. The ETF showed resilience throughout the Weekly, with the highest price observed at $40.88 and the lowest at $36.71. The underlying asset had a trading range of $4.17 Overall, it was a positive trading Weekly for UTSL ETF, reflecting investor optimism and market activity.
Change in Closing Price: There was a net increase of $2.00 or 5.31% in the closing price from the opening to the closing price over the Weekly.
Volume Analysis: Trading volume for UTSL ETF was 563,254 units during Week 47, indicating active market participation and investor interest.
Opening Price: The Weekly started at $37.67.
Highest Price: The highest price observed during the Weekly was $40.88.
Lowest Price: The lowest price observed during the Weekly was $36.71.
Closing Price: The Weekly ended at $39.67.
Understanding asset performance is crucial for evaluating investment quality and making informed decisions. Metrics like trailing return and drawdown provide insights into how an asset has performed over time, its volatility, and the efficiency of its returns relative to risk. Performance indicators help assess the stability, risk, and reward of an investment, allowing investors and portfolio managers to make comparisons and strategize accordingly.
-4.64%
Represents the percentage change in asset value over the past month.
21.99%
Indicates the percentage change in asset value over the last three months.
23.13%
The highest percentage drop from the peak value to the lowest point during the observed period.
46.28%
Shows how much the asset’s daily returns deviate from the average, annualized for the entire period.
1.65
Measures the average return earned in excess of the risk-free rate per unit of volatility, annualized.
3.29
The ratio of the annualized return to the maximum drawdown, reflecting the return per unit of risk.
Technical analysis involves evaluating an asset's price and volume data to forecast future movements and make informed trading decisions. By using various technical indicators and chart patterns, investors can gain insights into market trends, price momentum, and potential turning points. This section delves into essential technical metrics, including moving averages, pivot points, and other indicators that provide a snapshot of an asset's current technical stance. Analyzing these indicators helps investors identify entry and exit points, assess market sentiment, and refine their trading strategies. Explore the following technical analysis data to understand the asset's performance dynamics and make better-informed decisions.
Moving Averages are commonly used to smooth out price data and identify trends over a specific period. Here’s a summary of the latest moving averages for various periods:
Type/Period | |
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SMA | |
EMA | |
WMA | |
WEMA |
Pivot Points are used to determine potential support and resistance levels. Here’s a breakdown of the latest Pivot Points for various methods:
Type | S3 | S2 | S1 | PIVOT | R1 | R2 | R3 |
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Technical Indicators are tools used to analyze market trends and make predictions. Here’s a summary of some key indicators:
Indicator | Value | Details |
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Candlestick patterns are crucial in technical analysis, providing visual insights into market sentiment and potential price movements. This section analyzes various candlestick patterns over a specified range of recent candles to identify any significant formations that might indicate future market trends. Each pattern is evaluated based on the latest candle data to determine if it matches known patterns of bullish or bearish signals.
The tool utilizes real-time price data to scan for these patterns, displaying results with timestamps to help understand the context of each detected pattern.
Timestamp | Pattern | Found |
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Pattern | Support |
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This section provides a detailed overview of historical price data for the selected asset. The table below captures key metrics such as open, high, low, and close prices as well as volume and vwap for each trading period. Analyzing historical prices helps in understanding past market trends and volatility, enabling better-informed decisions for future trading strategies.
Timestamp | Open | High | Low | Close | Volume | VWAP | Change |
---|---|---|---|---|---|---|---|
11/22/2024 06:00 PM | 40.25 | 40.31 | 40.16 | 40.16 | 1,158 | 40.24 | -0.09 -0.22% |
11/22/2024 05:00 PM | 40.12 | 40.29 | 40.11 | 40.27 | 16,819 | 40.17 | +0.15 +0.37% |
11/22/2024 04:00 PM | 40.20 | 40.20 | 39.88 | 40.13 | 28,216 | 40.03 | -0.07 -0.17% |
11/22/2024 03:00 PM | 40.75 | 40.77 | 40.00 | 40.17 | 60,023 | 40.39 | -0.58 -1.42% |
11/21/2024 08:00 PM | 40.10 | 40.57 | 40.10 | 40.46 | 50,405 | 40.32 | +0.36 +0.90% |
11/21/2024 07:00 PM | 40.06 | 40.24 | 40.04 | 40.15 | 13,672 | 40.12 | +0.09 +0.22% |
11/21/2024 06:00 PM | 40.03 | 40.18 | 39.91 | 40.02 | 7,682 | 40.07 | -0.01 -0.02% |
11/21/2024 05:00 PM | 39.94 | 40.05 | 39.79 | 40.01 | 17,929 | 39.93 | +0.07 +0.18% |
11/21/2024 04:00 PM | 39.58 | 39.98 | 39.49 | 39.98 | 19,592 | 39.72 | +0.40 +1.01% |
11/21/2024 03:00 PM | 38.57 | 39.61 | 38.54 | 39.56 | 26,570 | 39.10 | +0.99 +2.57% |
11/20/2024 08:00 PM | 38.45 | 38.52 | 38.38 | 38.45 | 6,222 | 38.45 | 0.00 0.00% |
11/20/2024 07:00 PM | 38.09 | 38.30 | 38.09 | 38.30 | 2,732 | 38.19 | +0.21 +0.55% |
11/20/2024 06:00 PM | 38.22 | 38.24 | 37.96 | 38.05 | 5,565 | 38.03 | -0.17 -0.44% |
11/20/2024 04:00 PM | 38.03 | 38.22 | 37.94 | 38.22 | 4,893 | 38.04 | +0.19 +0.50% |
11/20/2024 03:00 PM | 38.22 | 38.49 | 37.96 | 38.03 | 25,497 | 38.28 | -0.19 -0.50% |
11/19/2024 08:00 PM | 38.00 | 38.39 | 37.96 | 38.39 | 14,226 | 38.20 | +0.39 +1.03% |
11/19/2024 07:00 PM | 37.98 | 38.16 | 37.84 | 38.01 | 17,909 | 38.02 | +0.03 +0.08% |
11/19/2024 06:00 PM | 37.73 | 38.00 | 37.70 | 38.00 | 13,445 | 37.84 | +0.27 +0.72% |
11/19/2024 05:00 PM | 37.76 | 37.85 | 37.66 | 37.74 | 16,876 | 37.73 | -0.02 -0.05% |
11/19/2024 04:00 PM | 37.28 | 37.75 | 37.23 | 37.75 | 22,389 | 37.53 | +0.47 +1.26% |
11/19/2024 03:00 PM | 36.96 | 37.26 | 36.73 | 37.20 | 8,785 | 36.96 | +0.24 +0.65% |
11/18/2024 08:00 PM | 37.82 | 37.82 | 37.39 | 37.67 | 31,062 | 37.56 | -0.15 -0.40% |
11/18/2024 07:00 PM | 37.77 | 37.80 | 37.61 | 37.71 | 6,693 | 37.67 | -0.06 -0.16% |
11/18/2024 06:00 PM | 37.86 | 37.87 | 37.73 | 37.73 | 7,485 | 37.80 | -0.13 -0.34% |
11/18/2024 05:00 PM | 37.86 | 37.92 | 37.73 | 37.89 | 34,402 | 37.84 | +0.03 +0.08% |
11/18/2024 04:00 PM | 36.85 | 37.98 | 36.85 | 37.94 | 37,039 | 37.57 | +1.09 +2.96% |
11/18/2024 03:00 PM | 36.70 | 36.99 | 36.49 | 36.90 | 22,211 | 36.70 | +0.20 +0.54% |
11/15/2024 08:00 PM | 36.49 | 36.84 | 36.43 | 36.72 | 31,163 | 36.68 | +0.23 +0.63% |
11/15/2024 07:00 PM | 36.24 | 36.49 | 36.17 | 36.48 | 15,626 | 36.35 | +0.24 +0.66% |
11/15/2024 06:00 PM | 36.00 | 36.27 | 36.00 | 36.23 | 20,455 | 36.20 | +0.23 +0.64% |
11/15/2024 05:00 PM | 36.21 | 36.22 | 35.98 | 36.08 | 11,288 | 36.12 | -0.13 -0.36% |
11/15/2024 04:00 PM | 35.99 | 36.33 | 35.97 | 36.26 | 24,620 | 36.19 | +0.27 +0.75% |
11/15/2024 03:00 PM | 35.35 | 36.06 | 35.35 | 36.00 | 30,271 | 35.75 | +0.65 +1.84% |
11/14/2024 08:00 PM | 36.10 | 36.10 | 35.04 | 35.13 | 35,981 | 35.52 | -0.97 -2.69% |
11/14/2024 07:00 PM | 35.87 | 36.21 | 35.87 | 36.17 | 140,892 | 36.12 | +0.30 +0.84% |
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Enhance Your Trading NowThe liquidity of UTSL is determined by its trading volume and bid-ask spread. Higher trading volumes generally indicate better liquidity, which can result in narrower spreads and lower transaction costs for investors.
Factors include daily movements in the Technology Select Sector Index, market volatility, and the costs associated with leverage. The performance of UTSL is closely tied to daily changes in its benchmark index.
UTSL distributes dividends on a quarterly basis. These dividends are derived from the income generated by the underlying investments, though leveraged ETFs often have lower dividend yields.
In market downturns, UTSL’s leveraged nature may amplify losses. The fund aims to achieve twice the daily return of its benchmark, so negative movements in the index can result in magnified declines in the ETF’s value.
UTSL has an expense ratio of approximately 0.95%. This fee covers the costs of managing the ETF, including leverage-related expenses and fund operations.
UTSL is managed by ProShares. It is a leveraged ETF that aims to achieve twice the daily return of its benchmark index through the use of financial derivatives such as swaps and futures. It is designed for short-term trading rather than long-term investing.
Risks include high volatility, potential for significant losses due to leverage, and the possibility of divergence from the benchmark index over longer periods. UTSL is designed for short-term trading and may not be suitable for long-term investors.
UTSL aims to provide twice the daily return of the Technology Select Sector Index. Over short periods, it generally meets this goal, but long-term performance may diverge due to the effects of compounding and leverage.
Historical performance includes data on daily returns, short-term gains, and comparisons to the Technology Select Sector Index. Past performance can provide insights but does not predict future results due to the impact of leverage.
Key performance metrics for UTSL include the fund’s daily return, tracking error relative to the Technology Select Sector Index, and the expense ratio. Leveraged ETFs can experience high volatility and significant daily performance fluctuations.
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