Technical Analysis for SCO - ProShares UltraShort DJ-AIG Crude Oil

Grade Last Price % Change Price Change
grade C 22.32 1.32% 0.29
SCO closed down 1.08 percent on Wednesday, January 16, 2019, on 61 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 SCO trend table...

Date Alert Name Type % Chg
Jan 16 Wide Bands Range Expansion 1.32%
Jan 16 Oversold Stochastic Weakness 1.32%
Jan 15 180 Bearish Setup Bearish Swing Setup 0.22%
Jan 15 Narrow Range Bar Range Contraction 0.22%
Jan 15 NR7 Range Contraction 0.22%
Jan 15 Wide Bands Range Expansion 0.22%
Jan 15 Oversold Stochastic Weakness 0.22%
Jan 14 Strong but Oversold Other -5.50%
Jan 14 Wide Bands Range Expansion -5.50%
Jan 14 Oversold Stochastic Weakness -5.50%

Older signals for SCO ...

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Profile
The investment seeks to provide daily investment results (before fees and expenses) that correspond to twice (200%) the inverse of the daily performance of the Bloomberg WTI Crude Oil SubindexSM. The “UltraShort” Funds seek daily results that match (before fees and expenses) two times the inverse (-2x) of the daily performance of a benchmark. The UltraShort Funds do not seek to achieve their stated objectives over a period greater than a single day. The Bloomberg WTI Crude Oil SubindexSM is designed to track crude oil futures prices.
Is SCO a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 1 bullish, 2 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 33.2
52 Week Low 12.29
Average Volume 2,935,490
200-Day Moving Average 18.5276
50-Day Moving Average 24.5748
20-Day Moving Average 26.923
10-Day Moving Average 23.931
Average True Range 1.9189
ADX 30.04
+DI 17.5744
-DI 28.3968
Chandelier Exit (Long, 3 ATRs ) 27.4433
Chandelier Exit (Short, 3 ATRs ) 27.5467
Upper Bollinger Band 33.8221
Lower Bollinger Band 20.0239
Percent B (%b) 0.15
BandWidth 51.250604
MACD Line -0.812
MACD Signal Line 0.0614
MACD Histogram -0.8733
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 23.50
Resistance 3 (R3) 23.64 23.29 23.26
Resistance 2 (R2) 23.29 22.92 23.22 23.17
Resistance 1 (R1) 22.66 22.68 22.49 22.52 23.09
Pivot Point 22.31 22.31 22.22 22.24 22.31
Support 1 (S1) 21.68 21.94 21.51 21.54 20.97
Support 2 (S2) 21.33 21.70 21.26 20.89
Support 3 (S3) 20.70 21.33 20.81
Support 4 (S4) 20.56