Technical Analysis for SDD - ProShares UltraShort SmallCap600
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| D | 18.42 | -1.94% | -0.36 |
SDD closed down 1.72 percent on Friday, May 3, 2024, on 1.71 times normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation. 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 | -1.94% | |
| Hammer Candlestick | Bullish | -1.94% | |
| Stochastic Reached Oversold | Weakness | -1.94% | |
| Down 3 Days in a Row | Weakness | -1.94% | |
| Gapped Down | Weakness | -1.94% | |
| Oversold Stochastic | Weakness | -1.94% | |
| Fell Below 20 DMA | Bearish | -3.63% | |
| Narrow Range Bar | Range Contraction | -3.63% | |
| Gapped Down | Weakness | -3.63% | |
| Volume Surge | Other | -6.53% |
| Alert | Time |
|---|---|
| Possible Inside Day | about 1 hour ago |
| Gap Down Partially Closed | about 5 hours ago |
| 60 Minute Opening Range Breakdown | about 5 hours ago |
| Gapped Down (Partial) | about 6 hours ago |
| 2x Volume Pace | about 6 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 S&P SmallCap 600®.
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 measure of small-cap company U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 600 U.S. operating companies selected through a process. The fund is non-diversified.
Keywords: Exchange Traded Fund ETF Exchange Traded Funds Inverse Exchange Traded Fund Leveraged ETF Ultra ETF S&P 500 Index CBOE Inverse ETF Bear Market ETF Capitalization Weighted Index S&P 600
Classification
Keywords: Exchange Traded Fund ETF Exchange Traded Funds Inverse Exchange Traded Fund Leveraged ETF Ultra ETF S&P 500 Index CBOE Inverse ETF Bear Market ETF Capitalization Weighted Index S&P 600
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 28.6269 |
| 52 Week Low | 17.52 |
| Average Volume | 1,743 |
| 200-Day Moving Average | 21.36 |
| 50-Day Moving Average | 19.00 |
| 20-Day Moving Average | 19.53 |
| 10-Day Moving Average | 19.38 |
| Average True Range | 0.52 |
| RSI (14) | 44.13 |
| ADX | 13.39 |
| +DI | 29.85 |
| -DI | 37.59 |
| Chandelier Exit (Long, 3 ATRs) | 19.13 |
| Chandelier Exit (Short, 3 ATRs) | 19.58 |
| Upper Bollinger Bands | 20.86 |
| Lower Bollinger Band | 18.21 |
| Percent B (%b) | 0.22 |
| BandWidth | 13.56 |
| MACD Line | 0.07 |
| MACD Signal Line | 0.18 |
| MACD Histogram | -0.1116 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 19.53 | ||||
| Resistance 3 (R3) | 19.46 | 19.15 | 19.40 | ||
| Resistance 2 (R2) | 19.15 | 18.97 | 19.19 | 19.36 | |
| Resistance 1 (R1) | 18.97 | 18.85 | 19.06 | 19.03 | 19.32 |
| Pivot Point | 18.66 | 18.66 | 18.71 | 18.69 | 18.66 |
| Support 1 (S1) | 18.47 | 18.47 | 18.57 | 18.54 | 18.25 |
| Support 2 (S2) | 18.16 | 18.35 | 18.20 | 18.21 | |
| Support 3 (S3) | 17.98 | 18.16 | 18.17 | ||
| Support 4 (S4) | 18.04 |
