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

Grade Last Price % Change Price Change
grade F 14.445 3.40% 0.48
SCO closed up 3.36 percent on Monday, November 18, 2019, on approximately 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 Flat
See historical SCO trend table...

Date Alert Name Type % Chg
Stochastic Buy Signal Bullish 0.03%
Bollinger Band Squeeze Range Contraction 0.03%
NR7 Range Contraction 0.03%
Bollinger Band Squeeze Range Contraction 3.40%
BB Squeeze Started Range Contraction 3.40%
Oversold Stochastic Weakness 3.40%
Oversold Stochastic Weakness 0.31%
Oversold Stochastic Weakness 1.23%
Stochastic Buy Signal Bullish -0.31%
Oversold Stochastic Weakness -0.31%

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.
Exchange Traded Funds Futures Contract Petroleum Inverse Exchange Traded Fund Commodity Markets Economy Of Canada Indian Basket West Texas Intermediate Benchmark 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
Summary: Counts: 0 bullish, 3 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 12.66
Average Volume 2,434,359
200-Day Moving Average 17.0827
50-Day Moving Average 15.5606
20-Day Moving Average 14.8095
10-Day Moving Average 14.379
Average True Range 0.6981
ADX 10.85
+DI 18.6754
-DI 22.5826
Chandelier Exit (Long, 3 ATRs ) 14.8257
Chandelier Exit (Short, 3 ATRs ) 15.9793
Upper Bollinger Band 15.9415
Lower Bollinger Band 13.6775
Percent B (%b) 0.34
BandWidth 15.287484
MACD Line -0.4775
MACD Signal Line -0.4591
MACD Histogram -0.0184
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 15.06
Resistance 3 (R3) 15.03 14.80 14.95
Resistance 2 (R2) 14.80 14.64 14.81 14.92
Resistance 1 (R1) 14.62 14.55 14.71 14.65 14.88
Pivot Point 14.39 14.39 14.44 14.40 14.39
Support 1 (S1) 14.21 14.23 14.30 14.24 14.00
Support 2 (S2) 13.98 14.14 13.99 13.96
Support 3 (S3) 13.80 13.98 13.93
Support 4 (S4) 13.83