Technical Analysis for REW - ProShares UltraShort Technology

Grade Last Price % Change Price Change
D 13.52 0.25% 0.03
REW closed up 0.25 percent on Friday, May 31, 2024, on approximately normal volume. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Shooting Star Candlestick Bearish 0.00%
Lizard Bearish Bearish Day Trade Setup 0.00%
Crossed Above 20 DMA Bullish 0.00%
MACD Bullish Signal Line Cross Bullish 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Up 3 Days in a Row Strength 0.00%
Pocket Pivot Bullish Swing Setup 0.25%
Gapped Up Strength 0.25%
Narrow Range Bar Range Contraction 4.63%
Gapped Up Strength 4.63%

   Recent Intraday Alerts

Alert Time
Rose Above 20 DMA 2 days ago
Rose Above Previous Day's High 2 days ago
1.5x Volume Pace 2 days ago
Up 3% 2 days ago
Up 2% 2 days ago

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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 Dow Jones U.S. TechnologySM 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 measures the performance of the technology sector of the U.S. equity market. The fund is non-diversified.
Classification

Keywords: Exchange Traded Fund ETF Exchange Traded Funds Leveraged ETF Ultra ETF Inverse ETF Bear Market ETF Silver Exchange Traded Product Wagering Proshares Dow Jones Us Technology Software Index

Top 10 Components

Symbol Grade Price % Change Allocation
AAPL B 0.50 18.06
MSFT C 0.11 17.29
GOOGL B 0.23 5.25
GOOG B 0.23 5.24
META D -0.05 4.46
INTC F 2.19 3.85
CSCO D 0.82 3.09
ADBE D -0.25 2.51
CRM D 7.54 2.40
NVDA B -0.78 2.26

Is REW 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 23.2844
52 Week Low 12.61
Average Volume 13,923
200-Day Moving Average 16.84
50-Day Moving Average 14.06
20-Day Moving Average 13.47
10-Day Moving Average 13.06
Average True Range 0.34
RSI (14) 47.92
ADX 23.99
+DI 37.70
-DI 31.28
Chandelier Exit (Long, 3 ATRs) 14.71
Chandelier Exit (Short, 3 ATRs) 13.63
Upper Bollinger Bands 14.56
Lower Bollinger Band 12.38
Percent B (%b) 0.52
BandWidth 16.17
MACD Line -0.34
MACD Signal Line -0.37
MACD Histogram 0.0283
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 14.41
Resistance 3 (R3) 14.48 14.26 14.26
Resistance 2 (R2) 14.26 14.04 14.23 14.21
Resistance 1 (R1) 13.89 13.90 14.08 13.82 14.16
Pivot Point 13.67 13.67 13.76 13.63 13.67
Support 1 (S1) 13.30 13.45 13.49 13.23 12.88
Support 2 (S2) 13.08 13.31 13.04 12.83
Support 3 (S3) 12.71 13.08 12.78
Support 4 (S4) 12.64