Technical Analysis for SH - ProShares Short S&P500

Grade Last Price % Change Price Change
grade F 20.59 -0.63% -0.13
SH closed down 0.63 percent on Thursday, August 6, 2020, on 64 percent of 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 SH trend table...

Date Alert Name Type % Chg
New 52 Week Closing Low Bearish 0.00%
Lower Bollinger Band Walk Weakness 0.00%
New 52 Week Low Weakness 0.00%
Below Lower BB Weakness 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%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
New 52 Week Closing Low Bearish -0.63%

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Profile

The investment seeks daily investment results that correspond to the inverse (-1x) 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 the inverse (-1x) 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 that factors in criteria such as liquidity, price, market capitalization and financial viability. The fund is non-diversified.
Exchange Traded Fund ETF Stock Market Index Real Estate Investment Trust S&P 500 Index CBOE Bear Market ETF Inverse ETF Fundamentally Based Indexes Capitalization Weighted Index Real Estate Investment Trusts

Is SH 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 33.19
52 Week Low 20.58
Average Volume 13,900,417
200-Day Moving Average 24.28
50-Day Moving Average 21.92
20-Day Moving Average 21.27
10-Day Moving Average 21.09
Average True Range 0.30
ADX 20.78
+DI 15.51
-DI 33.99
Chandelier Exit (Long, 3 ATRs ) 21.30
Chandelier Exit (Short, 3 ATRs ) 21.47
Upper Bollinger Band 21.90
Lower Bollinger Band 20.63
Percent B (%b) -0.03
BandWidth 5.97
MACD Line -0.37
MACD Signal Line -0.34
MACD Histogram -0.0246
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 20.91
Resistance 3 (R3) 20.94 20.86 20.85
Resistance 2 (R2) 20.86 20.78 20.85 20.83
Resistance 1 (R1) 20.73 20.73 20.69 20.70 20.82
Pivot Point 20.65 20.65 20.64 20.64 20.65
Support 1 (S1) 20.52 20.57 20.48 20.49 20.36
Support 2 (S2) 20.44 20.52 20.43 20.35
Support 3 (S3) 20.31 20.44 20.33
Support 4 (S4) 20.28