Technical Analysis for EEV - ProShares UltraShort MSCI Emerging Markets

Grade Last Price % Change Price Change
F 17.95 -1.73% -0.32
EEV closed down 1.73 percent on Friday, May 3, 2024, on 81 percent of normal volume. The bears made the stock sink to a new 52-week low. 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.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down

Date Alert Name Type % Chg
New 52 Week Closing Low Bearish 0.00%
New 52 Week Low Weakness 0.00%
Oversold Stochastic Weakness 0.00%
New 52 Week Closing Low Bearish -1.73%
180 Bearish Setup Bearish Swing Setup -1.73%
Expansion Breakdown Bearish Swing Setup -1.73%
New 52 Week Low Weakness -1.73%
Gapped Down Weakness -1.73%
Oversold Stochastic Weakness -1.73%
Outside Day Range Expansion -6.53%

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Profile

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 Emerging Markets 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 includes 85% of free float-adjusted market capitalization in each industry group in emerging market countries. The fund is non-diversified.
Classification

Keywords: Exchange Traded Fund ETF Exchange Traded Funds Inverse Exchange Traded Fund Leveraged ETF Ultra ETF Inverse ETF Bear Market ETF Emerging Market Msci Emerging Markets Index

Top 10 Components

Symbol Grade Price % Change Allocation
BABA B 0.24 6.01
BIDU C -0.09 0.60
JD B -0.15 0.46
NTES C -2.09 0.39
TAL B 0.27 0.32
EDU D -0.73 0.30
TCOM A 1.36 0.29
YUMC F -2.37 0.28
BAP C -0.06 0.23

Is EEV a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 24.5614
52 Week Low 17.9453
Average Volume 3,494
200-Day Moving Average 20.81
50-Day Moving Average 19.34
20-Day Moving Average 19.39
10-Day Moving Average 19.13
Average True Range 0.41
RSI (14) 33.77
ADX 16.68
+DI 26.22
-DI 47.44
Chandelier Exit (Long, 3 ATRs) 19.37
Chandelier Exit (Short, 3 ATRs) 19.19
Upper Bollinger Bands 20.89
Lower Bollinger Band 17.88
Percent B (%b) 0.02
BandWidth 15.55
MACD Line -0.23
MACD Signal Line -0.04
MACD Histogram -0.187
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 18.29
Resistance 3 (R3) 18.33 18.25 18.23
Resistance 2 (R2) 18.25 18.16 18.23 18.21
Resistance 1 (R1) 18.10 18.11 18.06 18.06 18.19
Pivot Point 18.02 18.02 18.00 18.00 18.02
Support 1 (S1) 17.87 17.93 17.83 17.83 17.70
Support 2 (S2) 17.79 17.88 17.77 17.68
Support 3 (S3) 17.64 17.79 17.66
Support 4 (S4) 17.60