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

Grade Last Price % Change Price Change
C 16.32 -1.63% -0.27
SCO closed down 1.63 percent on Friday, May 17, 2024, on 60 percent of normal volume.
2 Watchers
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Up Down

Date Alert Name Type % Chg
Fell Below 20 DMA Bearish 0.00%
Down 3 Days in a Row Weakness 0.00%
Slingshot Bullish Bullish Swing Setup -1.63%
NR7 Range Contraction -1.63%
Gapped Down Weakness -1.63%
New Uptrend Bullish -2.97%
Outside Day Range Expansion -2.97%
Gapped Up Strength -2.97%
Overbought Stochastic Strength -2.97%
Upper Bollinger Band Touch Strength -2.97%

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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.
Classification

Keywords: Exchange Traded Fund ETF Exchange Traded Funds Inverse Exchange Traded Fund Leveraged ETF Ultra ETF Inverse ETF Bear Market ETF Petroleum Commodity Markets West Texas Intermediate World Oil Market Chronology From 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

Indicators

Indicator Value
52 Week High 29.18
52 Week Low 14.445
Average Volume 2,152,308
200-Day Moving Average 18.09
50-Day Moving Average 16.14
20-Day Moving Average 16.37
10-Day Moving Average 16.71
Average True Range 0.46
RSI (14) 48.98
ADX 25.53
+DI 28.52
-DI 19.17
Chandelier Exit (Long, 3 ATRs) 16.12
Chandelier Exit (Short, 3 ATRs) 16.59
Upper Bollinger Bands 17.48
Lower Bollinger Band 15.26
Percent B (%b) 0.48
BandWidth 13.54
MACD Line 0.19
MACD Signal Line 0.18
MACD Histogram 0.0103
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 16.81
Resistance 3 (R3) 16.85 16.73 16.73
Resistance 2 (R2) 16.73 16.60 16.71 16.70
Resistance 1 (R1) 16.52 16.52 16.46 16.48 16.68
Pivot Point 16.40 16.40 16.37 16.38 16.40
Support 1 (S1) 16.19 16.27 16.13 16.16 15.96
Support 2 (S2) 16.07 16.19 16.05 15.94
Support 3 (S3) 15.86 16.07 15.91
Support 4 (S4) 15.83