Technical Analysis for EWV - ProShares UltraShort MSCI Japan

Grade Last Price % Change Price Change
F 13.95 1.68% 0.23
EWV closed down 3.07 percent on Monday, March 1, 2021, on 73 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 overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent EOD Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Up
Historical EWV trend table...

Date Alert Name Type % Chg
Fell Below 50 DMA Bearish 1.68%
Stochastic Reached Overbought Strength 1.68%
Weak + Overbought Other 1.68%
Overbought Stochastic Strength 1.68%
Gapped Down Weakness 1.68%
Crossed Above 50 DMA Bullish -1.45%
Gapped Up Strength -1.45%
Up 3 Days in a Row Strength -1.45%
Up 4 Days in a Row Strength -1.45%
Up 5 Days in a Row Strength -1.45%
Older End-of-Day Signals for EWV ...

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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 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.
Classification

Keywords: Exchange Traded Fund ETF Exchange Traded Funds Leveraged ETF Ultra ETF Inverse ETF Bear Market ETF Proshare

Is EWV 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 43.65
52 Week Low 12.68
Average Volume 4,208
200-Day Moving Average 18.95
50-Day Moving Average 14.09
20-Day Moving Average 13.48
10-Day Moving Average 13.29
Average True Range 0.30
ADX 19.95
+DI 39.54
-DI 32.65
Chandelier Exit (Long, 3 ATRs ) 13.93
Chandelier Exit (Short, 3 ATRs ) 13.59
Upper Bollinger Band 14.48
Lower Bollinger Band 12.47
Percent B (%b) 0.62
BandWidth 14.95
MACD Line -0.16
MACD Signal Line -0.30
MACD Histogram 0.1366
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 14.11
Resistance 3 (R3) 14.14 14.05 14.05
Resistance 2 (R2) 14.05 13.95 14.03 14.02
Resistance 1 (R1) 13.88 13.89 13.84 13.85 14.00
Pivot Point 13.79 13.79 13.76 13.77 13.79
Support 1 (S1) 13.62 13.69 13.58 13.59 13.44
Support 2 (S2) 13.53 13.63 13.51 13.42
Support 3 (S3) 13.36 13.53 13.40
Support 4 (S4) 13.33