Technical Analysis for MYY - ProShares Short MidCap400
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
 |
47.46 | -0.54% | -0.26 |
MYY closed down 0.54 percent on Tuesday, January 15, 2019, on 18 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. It was able to find support at its 50 day moving average. 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.
| ADX | Long-Term | Intermediate-Term | Short-Term |
|---|---|---|---|
| Strong | Up | Flat | Down |
| See historical MYY trend table... | |||
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Jan 15 | MACD Bearish Centerline Cross | Bearish | 0.00% |
| Jan 15 | 50 DMA Support | Bullish | 0.00% |
| Jan 15 | Narrow Range Bar | Range Contraction | 0.00% |
| Jan 15 | NR7 | Range Contraction | 0.00% |
| Jan 15 | NR7-2 | Range Contraction | 0.00% |
| Jan 15 | Strong but Oversold | Other | 0.00% |
| Jan 15 | Strong, Oversold and Reversal Signs | Reversal | 0.00% |
| Jan 15 | Oversold Stochastic | Weakness | 0.00% |
| Jan 14 | Narrow Range Bar | Range Contraction | -0.54% |
| Jan 14 | NR7 | Range Contraction | -0.54% |
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Basic chart:
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.
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength | |||
| Summary: | Counts: 2 bullish, 1 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies. | ||
Indicators
| Indicator | Value |
|---|---|
| 52 Week High | 53.57 |
| 52 Week Low | 41.35 |
| Average Volume | 50,209 |
| 200-Day Moving Average | 44.3705 |
| 50-Day Moving Average | 47.4499 |
| 20-Day Moving Average | 49.8145 |
| 10-Day Moving Average | 48.688 |
| Average True Range | 0.8775 |
| ADX | 25.35 |
| +DI | 23.2342 |
| -DI | 29.092 |
| Chandelier Exit (Long, 3 ATRs ) | 50.9375 |
| Chandelier Exit (Short, 3 ATRs ) | 50.0525 |
| Upper Bollinger Band | 53.1508 |
| Lower Bollinger Band | 46.4782 |
| Percent B (%b) | 0.15 |
| BandWidth | 13.394895 |
| MACD Line | -0.0406 |
| MACD Signal Line | 0.4887 |
| MACD Histogram | -0.5293 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 47.93 | ||||
| Resistance 3 (R3) | 47.96 | 47.85 | 47.85 | ||
| Resistance 2 (R2) | 47.85 | 47.73 | 47.83 | 47.82 | |
| Resistance 1 (R1) | 47.65 | 47.66 | 47.60 | 47.62 | 47.80 |
| Pivot Point | 47.54 | 47.54 | 47.51 | 47.52 | 47.54 |
| Support 1 (S1) | 47.34 | 47.42 | 47.29 | 47.31 | 47.12 |
| Support 2 (S2) | 47.23 | 47.35 | 47.21 | 47.10 | |
| Support 3 (S3) | 47.03 | 47.23 | 47.07 | ||
| Support 4 (S4) | 47.00 |
