Technical Analysis for REW - ProShares UltraShort Technology
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
 |
13.38 | -3.46% | -0.48 |
REW closed down 3.46 percent on Tuesday, January 15, 2019, on 69 percent of normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. 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.
| ADX | Long-Term | Intermediate-Term | Short-Term |
|---|---|---|---|
| Weak or Absent | Up | Down | Down |
| See historical REW trend table... | |||
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Jan 15 | Fell Below 50 DMA | Bearish | 0.00% |
| Jan 15 | Strong but Oversold | Other | 0.00% |
| Jan 15 | Oversold Stochastic | Weakness | 0.00% |
| Jan 14 | MACD Bearish Centerline Cross | Bearish | -3.46% |
| Jan 14 | Crossed Above 50 DMA | Bullish | -3.46% |
| Jan 14 | Stochastic Buy Signal | Bullish | -3.46% |
| Jan 14 | Narrow Range Bar | Range Contraction | -3.46% |
| Jan 14 | Strong but Oversold | Other | -3.46% |
| Jan 14 | Oversold Stochastic | Weakness | -3.46% |
| Jan 11 | 50 DMA Resistance | Bearish | -1.55% |
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The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Dow Jones U.S. TechnologySM 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 measures the performance of the technology sector of the U.S. equity market. The fund 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. | ||
See more REW news...
Indicators
| Indicator | Value |
|---|---|
| 52 Week High | 17.75 |
| 52 Week Low | 10.55 |
| Average Volume | 36,349 |
| 200-Day Moving Average | 12.7042 |
| 50-Day Moving Average | 13.801 |
| 20-Day Moving Average | 14.6497 |
| 10-Day Moving Average | 14.1094 |
| Average True Range | 0.7635 |
| ADX | 17.08 |
| +DI | 24.5699 |
| -DI | 28.0849 |
| Chandelier Exit (Long, 3 ATRs ) | 14.8195 |
| Chandelier Exit (Short, 3 ATRs ) | 15.2905 |
| Upper Bollinger Band | 16.5344 |
| Lower Bollinger Band | 12.765 |
| Percent B (%b) | 0.16 |
| BandWidth | 25.73022 |
| MACD Line | -0.079 |
| MACD Signal Line | 0.1528 |
| MACD Histogram | -0.2318 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 14.19 | ||||
| Resistance 3 (R3) | 14.25 | 14.05 | 14.06 | ||
| Resistance 2 (R2) | 14.05 | 13.84 | 14.02 | 14.01 | |
| Resistance 1 (R1) | 13.71 | 13.71 | 13.61 | 13.65 | 13.96 |
| Pivot Point | 13.51 | 13.51 | 13.46 | 13.48 | 13.51 |
| Support 1 (S1) | 13.17 | 13.30 | 13.07 | 13.11 | 12.80 |
| Support 2 (S2) | 12.97 | 13.17 | 12.94 | 12.75 | |
| Support 3 (S3) | 12.63 | 12.97 | 12.71 | ||
| Support 4 (S4) | 12.57 |
