Technical Analysis for MYY - ProShares Short MidCap400

Grade Last Price % Change Price Change
grade F 35.99 -1.10% -0.40
MYY closed down 1.1 percent on Friday, August 7, 2020, on 3.72 times normal volume. The bears made the stock sink to a new 52-week low. 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 MYY trend table...

Date Alert Name Type % Chg
New 52 Week Closing Low Bearish 0.00%
Stochastic Buy Signal Bullish 0.00%
Volume Surge Other 0.00%
New 52 Week Low Weakness 0.00%
Outside Day Range Expansion 0.00%
Oversold Stochastic Weakness 0.00%
Narrow Range Bar Range Contraction -1.10%
New 52 Week Low Weakness -1.10%
Oversold Stochastic Weakness -1.10%
New 52 Week Closing Low Bearish -0.85%

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Profile

The investment seeks daily investment results that correspond to the inverse (-1x) of the daily performance of the S&P MidCap 400®. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as the inverse (-1x) of the daily return of the index. The index is a measure of mid-size company U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 400 U.S. operating companies and real estate investment trusts selected through a process that factors in criteria such as liquidity, price, market capitalization and financial viability. It is non-diversified.
Exchange Traded Fund ETF Real Estate Investment Trust S&P 500 Index CBOE Bear Market ETF Inverse ETF Capitalization Weighted Index Real Estate Investment Trusts S&P 500 Index Culture Midcap Russell Midcap Index

Is MYY 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 64.0398
52 Week Low 35.99
Average Volume 18,135
200-Day Moving Average 42.38
50-Day Moving Average 38.61
20-Day Moving Average 37.59
10-Day Moving Average 36.94
Average True Range 0.62
ADX 22.28
+DI 15.63
-DI 36.38
Chandelier Exit (Long, 3 ATRs ) 38.43
Chandelier Exit (Short, 3 ATRs ) 37.86
Upper Bollinger Band 39.43
Lower Bollinger Band 35.75
Percent B (%b) 0.06
BandWidth 9.79
MACD Line -0.81
MACD Signal Line -0.73
MACD Histogram -0.087
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 36.82
Resistance 3 (R3) 36.91 36.72 36.68
Resistance 2 (R2) 36.72 36.51 36.68 36.63
Resistance 1 (R1) 36.36 36.38 36.27 36.27 36.59
Pivot Point 36.17 36.17 36.13 36.13 36.17
Support 1 (S1) 35.81 35.96 35.72 35.72 35.39
Support 2 (S2) 35.62 35.83 35.58 35.35
Support 3 (S3) 35.26 35.62 35.30
Support 4 (S4) 35.17