Technical Analysis for MZZ - ProShares UltraShort MidCap400

Grade Last Price % Change Price Change
grade F 10.16 0.42% 0.04
MZZ closed up 0.42 percent on Thursday, August 6, 2020, on 51 percent of normal volume. 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 MZZ trend table...

Date Alert Name Type % Chg
Narrow Range Bar Range Contraction 0.00%
Oversold Stochastic Weakness 0.00%
New 52 Week Closing Low Bearish 0.42%
Narrow Range Bar Range Contraction 0.42%
New 52 Week Low Weakness 0.42%
Down 3 Days in a Row Weakness 0.42%
Gapped Down Weakness 0.42%
Oversold Stochastic Weakness 0.42%
Narrow Range Bar Range Contraction -2.48%
NR7 Range Contraction -2.48%

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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 S&P MidCap 400®. 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 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. The fund is non-diversified.
Exchange Traded Fund ETF Exchange Traded Funds Leveraged ETF Ultra ETF S&P 500 Index CBOE Bear Market ETF Inverse ETF Capitalization Weighted Index Inverse Exchange Traded Fund Real Estate Investment Trusts Midcap

Is MZZ 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 34.17
52 Week Low 10.1
Average Volume 34,533
200-Day Moving Average 15.18
50-Day Moving Average 11.55
20-Day Moving Average 10.96
10-Day Moving Average 10.58
Average True Range 0.38
ADX 21.2
+DI 17.53
-DI 35.45
Chandelier Exit (Long, 3 ATRs ) 11.52
Chandelier Exit (Short, 3 ATRs ) 11.23
Upper Bollinger Band 12.07
Lower Bollinger Band 9.86
Percent B (%b) 0.14
BandWidth 20.17
MACD Line -0.48
MACD Signal Line -0.45
MACD Histogram -0.0302
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 10.32
Resistance 3 (R3) 10.32 10.27 10.30
Resistance 2 (R2) 10.27 10.22 10.27 10.29
Resistance 1 (R1) 10.21 10.20 10.24 10.21 10.28
Pivot Point 10.16 10.16 10.17 10.16 10.16
Support 1 (S1) 10.10 10.11 10.13 10.11 10.04
Support 2 (S2) 10.05 10.09 10.05 10.03
Support 3 (S3) 9.99 10.05 10.02
Support 4 (S4) 10.00