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

Grade Last Price % Change Price Change
F 15.16 0.27% 0.04
SCO closed up 2.93 percent on Thursday, January 16, 2025, on 1.85 times normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
2 Watchers
Watchlist Portfolio

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down

Date Alert Name Type % Chg
Slingshot Bearish Bearish Swing Setup 0.27%
Calm After Storm Range Contraction 0.27%
Gapped Up Strength 0.27%
Oversold Stochastic Weakness 0.27%
New 52 Week Closing Low Bearish 3.21%
Lower Bollinger Band Walk Weakness 3.21%
Below Lower BB Weakness 3.21%
Lower Bollinger Band Touch Weakness 3.21%
Oversold Stochastic Weakness 3.21%
180 Bearish Setup Bearish Swing Setup -1.04%

   Recent Intraday Alerts

Alert Time
Up 1% about 4 hours ago
Up 1 ATR 1 day ago
Rose Above Previous Day's High 1 day ago
Up 3% 1 day ago
60 Minute Opening Range Breakout 1 day ago

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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 Leveraged ETF Ultra ETF Inverse Exchange Traded Fund Inverse ETF Bear ETF Short 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

Comments

Indicators

Indicator Value
52 Week High 21.74
52 Week Low 14.445
Average Volume 1,502,602
200-Day Moving Average 17.14
50-Day Moving Average 17.48
20-Day Moving Average 16.70
10-Day Moving Average 15.73
Average True Range 0.59
RSI (14) 32.43
ADX 23.74
+DI 14.28
-DI 36.16
Chandelier Exit (Long, 3 ATRs) 16.62
Chandelier Exit (Short, 3 ATRs) 16.41
Upper Bollinger Bands 18.87
Lower Bollinger Band 14.53
Percent B (%b) 0.14
BandWidth 25.97
MACD Line -0.74
MACD Signal Line -0.55
MACD Histogram -0.1872
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 15.61
Resistance 3 (R3) 15.63 15.48 15.53
Resistance 2 (R2) 15.48 15.36 15.47 15.50
Resistance 1 (R1) 15.30 15.28 15.39 15.28 15.47
Pivot Point 15.16 15.16 15.20 15.15 15.16
Support 1 (S1) 14.98 15.03 15.07 14.96 14.77
Support 2 (S2) 14.83 14.96 14.82 14.74
Support 3 (S3) 14.65 14.83 14.71
Support 4 (S4) 14.63