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

Grade Last Price % Change Price Change
grade F 18.79 -10.14% -2.12
SCO closed down 10.14 percent on Friday, June 5, 2020, on 58 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. 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 SCO trend table...

Date Alert Name Type % Chg
Narrow Range Bar Range Contraction 0.00%
NR7 Range Contraction 0.00%
NR7-2 Range Contraction 0.00%
Wide Bands Range Expansion 0.00%
Down 3 Days in a Row Weakness 0.00%
Down 4 Days in a Row Weakness 0.00%
Down 5 Days in a Row Weakness 0.00%
Gapped Down Weakness 0.00%
Oversold Stochastic Weakness 0.00%
200 DMA Resistance Bearish -10.14%

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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.
Exchange Traded Fund ETF Exchange Traded Funds Leveraged ETF Ultra ETF Bear Market ETF Inverse ETF Petroleum Inverse Exchange Traded Fund Commodity Markets Economy Of Canada West Texas Intermediate Benchmark Indian Basket Crude Oil Futures Prices World Oil Market Chronology From

Is SCO 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 67.35
52 Week Low 11.17
Average Volume 6,497,499
200-Day Moving Average 21.53
50-Day Moving Average 34.46
20-Day Moving Average 27.85
10-Day Moving Average 23.07
Average True Range 3.71
ADX 23.15
+DI 16.18
-DI 35.76
Chandelier Exit (Long, 3 ATRs ) 30.64
Chandelier Exit (Short, 3 ATRs ) 29.61
Upper Bollinger Band 40.39
Lower Bollinger Band 15.31
Percent B (%b) 0.14
BandWidth 90.07
MACD Line -4.63
MACD Signal Line -3.88
MACD Histogram -0.7493
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 19.96
Resistance 3 (R3) 19.99 19.63 19.77
Resistance 2 (R2) 19.63 19.33 19.62 19.70
Resistance 1 (R1) 19.21 19.15 19.03 19.18 19.63
Pivot Point 18.85 18.85 18.76 18.84 18.85
Support 1 (S1) 18.43 18.55 18.25 18.40 17.95
Support 2 (S2) 18.07 18.37 18.06 17.88
Support 3 (S3) 17.65 18.07 17.82
Support 4 (S4) 17.62