Technical Analysis for BZQ - ProShares UltraShort MSCI Brazil Capped
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| D | 11.54 | 0.31% | 0.04 |
BZQ closed down 3.2 percent on Friday, May 3, 2024, on 55 percent of normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Down | Down | Down |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Fell Below 50 DMA | Bearish | 0.31% | |
| Narrow Range Bar | Range Contraction | 0.31% | |
| Doji - Bullish? | Reversal | 0.31% | |
| Stochastic Reached Oversold | Weakness | 0.31% | |
| Down 3 Days in a Row | Weakness | 0.31% | |
| Gapped Down | Weakness | 0.31% | |
| Oversold Stochastic | Weakness | 0.31% | |
| Fell Below 20 DMA | Bearish | -2.90% | |
| Fell Below 200 DMA | Bearish | -2.90% | |
| Gapped Down | Weakness | -2.90% |
| Alert | Time |
|---|---|
| 60 Minute Opening Range Breakout | about 4 hours ago |
| 2x Volume Pace | about 7 hours ago |
| 1.5x Volume Pace | about 7 hours ago |
| 3x Volume Pace | about 7 hours ago |
| Fell Below Previous Day's Low | about 7 hours ago |
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Basic chart:
The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the MSCI Brazil 25/50 Index®.
The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times the inverse (-2x) of the daily return of the index. The index is a free-float-adjusted, market capitalization-weighted index that is designed to measure the equity market performance of the Brazilian market. The fund is non-diversified.
Keywords: Exchange Traded Fund ETF Exchange Traded Funds MSCI EAFE Leveraged ETF Ultra ETF Inverse ETF Bear Market ETF Capitalization Weighted Index
Classification
Keywords: Exchange Traded Fund ETF Exchange Traded Funds MSCI EAFE Leveraged ETF Ultra ETF Inverse ETF Bear Market ETF Capitalization Weighted Index
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 17.5839 |
| 52 Week Low | 9.7574 |
| Average Volume | 15,202 |
| 200-Day Moving Average | 12.27 |
| 50-Day Moving Average | 11.77 |
| 20-Day Moving Average | 12.30 |
| 10-Day Moving Average | 12.23 |
| Average True Range | 0.43 |
| RSI (14) | 41.86 |
| ADX | 14.35 |
| +DI | 28.59 |
| -DI | 37.81 |
| Chandelier Exit (Long, 3 ATRs) | 12.27 |
| Chandelier Exit (Short, 3 ATRs) | 12.40 |
| Upper Bollinger Bands | 13.48 |
| Lower Bollinger Band | 11.12 |
| Percent B (%b) | 0.16 |
| BandWidth | 19.13 |
| MACD Line | 0.06 |
| MACD Signal Line | 0.19 |
| MACD Histogram | -0.1368 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 11.76 | ||||
| Resistance 3 (R3) | 11.77 | 11.69 | 11.72 | ||
| Resistance 2 (R2) | 11.69 | 11.63 | 11.69 | 11.70 | |
| Resistance 1 (R1) | 11.60 | 11.59 | 11.65 | 11.59 | 11.69 |
| Pivot Point | 11.52 | 11.52 | 11.55 | 11.52 | 11.52 |
| Support 1 (S1) | 11.43 | 11.46 | 11.48 | 11.42 | 11.32 |
| Support 2 (S2) | 11.35 | 11.42 | 11.35 | 11.31 | |
| Support 3 (S3) | 11.26 | 11.35 | 11.29 | ||
| Support 4 (S4) | 11.25 |
