Technical Analysis for SDS - ProShares UltraShort S&P500

Grade Last Price % Change Price Change
grade F 18.62 -5.19% -1.02
SDS closed down 5.19 percent on Friday, June 5, 2020, on approximately normal volume. The bears made the stock sink to a new 52-week low. 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 SDS trend table...

Date Alert Name Type % Chg
New 52 Week Closing Low Bearish 0.00%
Stochastic Buy Signal Bullish 0.00%
New 52 Week Low Weakness 0.00%
Below Lower BB Weakness 0.00%
Gapped Down Weakness 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Oversold Stochastic Weakness -5.19%
New 52 Week Closing Low Bearish -4.66%
Narrow Range Bar Range Contraction -4.66%

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Profile

The investment seeks daily investment results that correspond to two times the inverse (-2x) of the daily performance of the S&P 500®. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times the inverse (-2x) of the daily return of the index. The index is a measure of large-cap U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 500 U.S. operating companies and real estate investment trusts selected through a process. The fund is non-diversified.
Exchange Traded Fund ETF Exchange Traded Funds Real Estate Investment Trust Leveraged ETF Ultra ETF S&P 500 Index Cboe Bear Market ETF Inverse ETF Capitalization Weighted Index Real Estate Investment Trusts Inverse Exchange Traded Fund Proshare

Is SDS 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 44.4
52 Week Low 18.38
Average Volume 21,201,282
200-Day Moving Average 26.91
50-Day Moving Average 24.35
20-Day Moving Average 21.56
10-Day Moving Average 20.36
Average True Range 0.98
ADX 21.46
+DI 17.61
-DI 38.98
Chandelier Exit (Long, 3 ATRs ) 22.17
Chandelier Exit (Short, 3 ATRs ) 21.32
Upper Bollinger Band 24.49
Lower Bollinger Band 18.62
Percent B (%b) 0.0
BandWidth 27.24
MACD Line -1.44
MACD Signal Line -1.32
MACD Histogram -0.1201
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 19.40
Resistance 3 (R3) 19.41 19.15 19.27
Resistance 2 (R2) 19.15 18.95 19.15 19.23
Resistance 1 (R1) 18.89 18.83 18.76 18.88 19.18
Pivot Point 18.63 18.63 18.57 18.63 18.63
Support 1 (S1) 18.37 18.43 18.24 18.36 18.06
Support 2 (S2) 18.11 18.31 18.11 18.01
Support 3 (S3) 17.85 18.11 17.97
Support 4 (S4) 17.84