The Bloomberg Natural Gas Subindex^SM is designed to reflect the commodities market’s natural gas component. The index is made up of natural gas futures contracts.
Stocks provide the holder with an ongoing interest in a company. Commodities futures contracts are different because they define a delivery date for an underlying physical product. The index tracks the performance of commodities futures contracts. When a contract’s expiration date approaches, the index replaces it with similar contracts with later expirations. As a result, the index is a “rolling” index.
The underlying futures contracts’ settlement prices are used to calculate the index’s value. Starting on the sixth business day of the month, the index rolls its contracts across 5 consecutive business days.
Prices
As of August 16, 2023, the current price of BOIL stock is $68.65. BOIL has gained +19.12% in the last month and lost -4.76% in the last 24 hours.
BOIL began the August 11 trading session at $68.21 and fell to $68. It reached a high of $71.90 and closed at $71.77 with an intraday trading volume of 3.604 Million.
The price of the BOIL ETF increased by more than 18% in a week and 27% in a quarter. However, these are only short-term fluctuations! The ProShares Ultra Bloomberg Natural Gas ETF has lost 40% of its trading price in the last six months. Itis down 76.32% year to date.
BOIL ETF’s greatest trading price in the last 52 weeks was $2460, and its lowest was $45.60. The average trading volume for ProShares Ultra Bloomberg Natural Gas ETF is 4.589 Million.
Analysis
ProShares Ultra Bloomberg Natural Gas ETF technical feature analysis indicates that its price may rise during the August 14 trading session. BOIL began the pre-market trading session 0.84% higher than its previous closing price.
On the Daily Chart
- The Moving Averages Convergence Divergence (MACD) indicator for ProShares Ultra Bloomberg Natural Gas (BOIL) is 2.14. It is indicating that ProShares Ultra Bloomberg Natural Gas is a Sell.
- The 20-Day exponential moving average of ProShares Ultra Bloomberg Natural Gas (BOIL) is 65.16, while the share price of ProShares Ultra Bloomberg Natural Gas (BOIL) is 68.65, making it a Buy.
- The 50-Day exponential moving average of ProShares Ultra Bloomberg Natural Gas (BOIL) is 66.09, while the share price of ProShares Ultra Bloomberg Natural Gas (BOIL) is 68.65, making it a Buy.
On the Weekly Chart:
- The Moving Averages Convergence Divergence (MACD) indicator for ProShares Ultra Bloomberg Natural Gas (BOIL) is -91.38, indicating that ProShares Ultra Bloomberg Natural Gas is a Sell.
- The 20-Day exponential moving average of ProShares Ultra Bloomberg Natural Gas (BOIL) is 111.06, while the share price of ProShares Ultra Bloomberg Natural Gas (BOIL) is 68.65, indicating a Sell.
- The 50-Day exponential moving average of ProShares Ultra Bloomberg Natural Gas (BOIL) is 384.93, while the share price of ProShares Ultra Bloomberg Natural Gas (BOIL) is 68.65, indicating a Sell.
Indicators:
- The Relative Strength Index (RSI) for ProShares Ultra Bloomberg Natural Gas (BOIL) is 58.37, indicating a Neutral signal.
- The Trend Strength Indicator (ADX) for ProShares Ultra Bloomberg Natural Gas (BOIL) is 14.57, indicating a Buy signal.
- The Commodity Channel Index (CCI) for ProShares Ultra Bloomberg Natural Gas (BOIL) is 105.82, indicating a Sell signal.
- The price rate of change (ROC) for ProShares Ultra Bloomberg Natural Gas (BOIL) is 10.25, indicating a Buy signal.
Prediction
For ProShares Ultra Bloomberg Natur Stock (BOIL) price projection for 2024, a forecast for each month of 2024 is provided, with an average BOIL price prognosis of $39.37, a high forecast of $456.95, and a low forecast of $0.0843. The average BOIL price projection for 2024 is -42.65% lower than the current price of $68.65.
For ProShares Ultra Bloomberg Natur Stock (BOIL) price projection for 2025, a forecast for each month of 2025 is provided, with an average BOIL price prognosis of $76.72, a high forecast of $101.84, and a low forecast of $13.99. The average BOIL price projection for 2025 is +11.75% more than the current price of $68.65.
