Technical Analysis for EWV - ProShares UltraShort MSCI Japan
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| D | 10.41 | -1.13% | -0.12 |
EWV closed down 1.13 percent on Monday, May 6, 2024, on 54 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 | 0.00% | |
| Stochastic Reached Oversold | Weakness | 0.00% | |
| Down 3 Days in a Row | Weakness | 0.00% | |
| Down 4 Days in a Row | Weakness | 0.00% | |
| Oversold Stochastic | Weakness | 0.00% | |
| Calm After Storm | Range Contraction | -1.13% | |
| Down 3 Days in a Row | Weakness | -1.13% | |
| Gapped Down | Weakness | -1.13% | |
| Fell Below 20 DMA | Bearish | -3.97% | |
| MACD Bearish Signal Line Cross | Bearish | -3.97% |
| Alert | Time |
|---|---|
| 60 Minute Opening Range Breakout | 4 days ago |
| 1.5x Volume Pace | 4 days ago |
| Down 1 ATR | 4 days ago |
| Gapped Down (Full) | 4 days ago |
| Fell Below Previous Day's Low | 4 days 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 Japan 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 Japan. The fund is non-diversified.
Keywords: Exchange Traded Fund ETF Exchange Traded Funds Leveraged ETF Ultra ETF Inverse ETF Bear Market ETF Proshares
Classification
Keywords: Exchange Traded Fund ETF Exchange Traded Funds Leveraged ETF Ultra ETF Inverse ETF Bear Market ETF Proshares
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 15.444 |
| 52 Week Low | 9.6947 |
| Average Volume | 21,197 |
| 200-Day Moving Average | 12.35 |
| 50-Day Moving Average | 10.46 |
| 20-Day Moving Average | 10.91 |
| 10-Day Moving Average | 10.99 |
| Average True Range | 0.29 |
| RSI (14) | 41.86 |
| ADX | 17.71 |
| +DI | 27.34 |
| -DI | 28.79 |
| Chandelier Exit (Long, 3 ATRs) | 10.92 |
| Chandelier Exit (Short, 3 ATRs) | 10.94 |
| Upper Bollinger Bands | 11.64 |
| Lower Bollinger Band | 10.19 |
| Percent B (%b) | 0.15 |
| BandWidth | 13.30 |
| MACD Line | 0.08 |
| MACD Signal Line | 0.17 |
| MACD Histogram | -0.0876 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 10.64 | ||||
| Resistance 3 (R3) | 10.66 | 10.61 | 10.60 | ||
| Resistance 2 (R2) | 10.61 | 10.55 | 10.60 | 10.58 | |
| Resistance 1 (R1) | 10.51 | 10.52 | 10.49 | 10.49 | 10.57 |
| Pivot Point | 10.46 | 10.46 | 10.45 | 10.45 | 10.46 |
| Support 1 (S1) | 10.36 | 10.40 | 10.34 | 10.34 | 10.25 |
| Support 2 (S2) | 10.31 | 10.37 | 10.30 | 10.24 | |
| Support 3 (S3) | 10.21 | 10.31 | 10.22 | ||
| Support 4 (S4) | 10.19 |
