Technical Analysis for EWV - ProShares UltraShort MSCI Japan

Grade Last Price % Change Price Change
grade F 20.7683 -0.06% -0.01
EWV closed down 0.06 percent on Friday, August 14, 2020, on 8 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.

Trend Table & Recent Signals

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

Date Alert Name Type % Chg
180 Bearish Setup Bearish Swing Setup 0.00%
Narrow Range Bar Range Contraction 0.00%
NR7 Range Contraction 0.00%
Lower Bollinger Band Walk Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Narrow Range Bar Range Contraction -0.06%
Lower Bollinger Band Walk Weakness -0.06%
Below Lower BB Weakness -0.06%
Oversold Stochastic Weakness -0.06%
New 52 Week Closing Low Bearish 0.33%

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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.
Exchange Traded Fund ETF Exchange Traded Funds Leveraged ETF Ultra ETF Bear Market ETF Inverse 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 20.57
Average Volume 5,913
200-Day Moving Average 25.55
50-Day Moving Average 22.35
20-Day Moving Average 22.02
10-Day Moving Average 21.74
Average True Range 0.50
ADX 17.06
+DI 23.43
-DI 44.88
Chandelier Exit (Long, 3 ATRs ) 22.27
Chandelier Exit (Short, 3 ATRs ) 22.08
Upper Bollinger Band 23.38
Lower Bollinger Band 20.65
Percent B (%b) 0.04
BandWidth 12.38
MACD Line -0.44
MACD Signal Line -0.29
MACD Histogram -0.1467
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 20.83
Resistance 3 (R3) 20.84 20.82 20.82
Resistance 2 (R2) 20.82 20.80 20.82 20.82
Resistance 1 (R1) 20.79 20.79 20.79 20.79 20.81
Pivot Point 20.78 20.78 20.77 20.77 20.78
Support 1 (S1) 20.75 20.76 20.74 20.75 20.72
Support 2 (S2) 20.73 20.75 20.73 20.72
Support 3 (S3) 20.71 20.73 20.71
Support 4 (S4) 20.70