ROM Stock Summary and Trading Ideas (ProShares Ultra Technology | ARCA:ROM)

ProShares Ultra Technology seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the S&P Technology Select Sector Index.

ProShares Ultra Technology trades on the ARCA stock market under the symbol ROM.

As of April 19, 2024, ROM stock price declined to $51.50 with 182,567 million shares trading.

ROM has a beta of 2.73, meaning it tends to be more sensitive to market movements. ROM has a correlation of 0.71 to the broad based SPY ETF.

ROM has a market cap of $568.30 million. This is considered a Small Cap stock.

In the last 3 years, ROM stock traded as high as $67.50 and as low as $21.16.

ROM has outperformed the market in the last year with a return of +52.4%, while the SPY ETF gained +21.2%. However, in the most recent history, ROM shares have underperformed the stock market with its stock returning -9.6% in the last 3 month period and -13.5% for the last 2 week period, while SPY has returned +3.0% and -4.5%, respectively.

ROM support price is $52.40 and resistance is $55.00 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ROM stock will trade within this expected range on the day.