Technical Analysis for RWM - ProShares Short Russell2000

Grade Last Price % Change Price Change
grade B 42.85 -0.92% -0.40
RWM closed down 0.92 percent on Thursday, January 17, 2019, on 41 percent of normal volume. 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 RWM trend table...

Date Alert Name Type % Chg
Jan 17 Down 3 Days in a Row Weakness 0.00%
Jan 17 Oversold Stochastic Weakness 0.00%
Jan 16 Oversold Stochastic Weakness -0.92%
Jan 15 Fell Below 50 DMA Bearish -1.54%
Jan 15 180 Bearish Setup Bearish Swing Setup -1.54%
Jan 15 Narrow Range Bar Range Contraction -1.54%
Jan 15 Strong but Oversold Other -1.54%
Jan 15 Outside Day Range Expansion -1.54%
Jan 15 Oversold Stochastic Weakness -1.54%
Jan 14 MACD Bearish Centerline Cross Bearish -2.44%

Older signals for RWM ...

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Profile
The investment seeks daily investment results that correspond to the inverse (-1x) of the daily performance of the Russell 2000® Index. 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. It is a float-adjusted, market capitalization-weighted index containing approximately 2000 of the smallest companies in the Russell 3000® Index or approximately 8% of the total market capitalization of the Russell 3000® Index, which in turn represents approximately 98% of the investable U.S. equity market. The fund is non-diversified.
Is RWM 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 49.93
52 Week Low 36.82
Average Volume 965,509
200-Day Moving Average 40.3695
50-Day Moving Average 43.8472
20-Day Moving Average 45.719
10-Day Moving Average 43.861
Average True Range 0.9401
ADX 26.36
+DI 17.3564
-DI 30.583
Chandelier Exit (Long, 3 ATRs ) 47.1097
Chandelier Exit (Short, 3 ATRs ) 45.5403
Upper Bollinger Band 49.8368
Lower Bollinger Band 41.6012
Percent B (%b) 0.15
BandWidth 18.013517
MACD Line -0.3558
MACD Signal Line 0.1331
MACD Histogram -0.4889
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 43.92
Resistance 3 (R3) 43.99 43.71 43.74
Resistance 2 (R2) 43.71 43.44 43.67 43.68
Resistance 1 (R1) 43.28 43.27 43.14 43.21 43.62
Pivot Point 43.00 43.00 42.93 42.96 43.00
Support 1 (S1) 42.57 42.73 42.43 42.50 42.08
Support 2 (S2) 42.29 42.56 42.25 42.02
Support 3 (S3) 41.86 42.29 41.96
Support 4 (S4) 41.79