Technical Analysis for EWV - ProShares UltraShort MSCI Japan

Grade Last Price % Change Price Change
grade F 26.3701 -1.49% -0.40
EWV closed down 1.49 percent on Thursday, September 19, 2019, on 17 percent of normal volume. 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. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Strong Down Down Down
See historical EWV trend table...

Date Alert Name Type % Chg
Hammer Candlestick Bullish 0.00%
Lizard Bullish Bullish Day Trade Setup 0.00%
Gilligan's Island Buy Setup Bullish Swing Setup 0.00%
Narrow Range Bar Range Contraction 0.00%
Gapped Down Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Oversold Stochastic Weakness -1.49%
180 Bearish Setup Bearish Swing Setup -0.99%
Narrow Range Bar Range Contraction -0.99%
Oversold Stochastic Weakness -0.99%

Older 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.
Exchange Traded Funds Derivative 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
Summary: Counts: 0 bullish, 4 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 36.73
52 Week Low 24.66
Average Volume 7,354
200-Day Moving Average 29.9092
50-Day Moving Average 29.014
20-Day Moving Average 28.4938
10-Day Moving Average 27.2717
Average True Range 0.4532
ADX 28.9
+DI 18.1926
-DI 48.6175
Chandelier Exit (Long, 3 ATRs ) 29.4004
Chandelier Exit (Short, 3 ATRs ) 27.6096
Upper Bollinger Band 31.2724
Lower Bollinger Band 25.7152
Percent B (%b) 0.12
BandWidth 19.50319
MACD Line -0.8379
MACD Signal Line -0.5816
MACD Histogram -0.2564
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 26.55
Resistance 3 (R3) 26.53 26.45 26.52
Resistance 2 (R2) 26.45 26.40 26.46 26.51
Resistance 1 (R1) 26.41 26.38 26.43 26.43 26.50
Pivot Point 26.33 26.33 26.34 26.34 26.33
Support 1 (S1) 26.29 26.28 26.31 26.31 26.24
Support 2 (S2) 26.21 26.26 26.22 26.23
Support 3 (S3) 26.17 26.21 26.22
Support 4 (S4) 26.19