Technical Analysis for MZZ - ProShares UltraShort MidCap400

Grade Last Price % Change Price Change
grade B 19.8908 -1.48% -0.30
MZZ closed down 1.48 percent on Wednesday, January 16, 2019, on 35 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. 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 Up Down Down
See historical MZZ trend table...

Date Alert Name Type % Chg
Jan 16 Narrow Range Bar Range Contraction 0.00%
Jan 16 NR7 Range Contraction 0.00%
Jan 16 Wide Bands Range Expansion 0.00%
Jan 16 Gapped Down Weakness 0.00%
Jan 16 Oversold Stochastic Weakness 0.00%
Jan 15 Fell Below 50 DMA Bearish -1.48%
Jan 15 Narrow Range Bar Range Contraction -1.48%
Jan 15 Strong but Oversold Other -1.48%
Jan 15 Oversold Stochastic Weakness -1.48%
Jan 14 MACD Bearish Centerline Cross Bearish -2.64%

Older signals for MZZ ...

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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.
Is MZZ a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 2 bullish, 2 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 26.08
52 Week Low 15.55
Average Volume 11,972
200-Day Moving Average 17.9843
50-Day Moving Average 20.4616
20-Day Moving Average 22.303
10-Day Moving Average 21.0181
Average True Range 0.784
ADX 25.22
+DI 23.2758
-DI 30.8522
Chandelier Exit (Long, 3 ATRs ) 23.728
Chandelier Exit (Short, 3 ATRs ) 22.182
Upper Bollinger Band 25.6558
Lower Bollinger Band 18.9502
Percent B (%b) 0.14
BandWidth 30.06591
MACD Line -0.2125
MACD Signal Line 0.2512
MACD Histogram -0.4637
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 20.10
Resistance 3 (R3) 20.10 20.04 20.07
Resistance 2 (R2) 20.04 19.98 20.04 20.05
Resistance 1 (R1) 19.96 19.95 20.00 19.96 20.04
Pivot Point 19.90 19.90 19.92 19.90 19.90
Support 1 (S1) 19.82 19.84 19.86 19.82 19.74
Support 2 (S2) 19.76 19.81 19.76 19.73
Support 3 (S3) 19.68 19.76 19.72
Support 4 (S4) 19.68