Technical Analysis for SKF - ProShares UltraShort Financials
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| F | 33.99 | 0.44% | 0.15 |
SKF closed up 0.44 percent on Wednesday, November 20, 2024, on approximately normal volume. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Strong | Down | Down | Flat |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Shooting Star Candlestick | Bearish | 0.00% | |
| Oversold Stochastic | Weakness | 0.00% | |
| Gapped Up | Strength | 0.44% | |
| Oversold Stochastic | Weakness | 0.44% | |
| New 52 Week Closing Low | Bearish | 1.73% | |
| NR7 | Range Contraction | 1.73% | |
| Narrow Range Bar | Range Contraction | 1.73% | |
| Oversold Stochastic | Weakness | 1.73% | |
| 180 Bearish Setup | Bearish Swing Setup | 1.43% | |
| Oversold Stochastic | Weakness | 1.43% |
| Alert | Time |
|---|---|
| Rose Above Previous Day's High | 2 days ago |
| 10 DMA Resistance | 2 days ago |
| 1.5x Volume Pace | 2 days ago |
| Up 2% | 2 days ago |
| Up 1% | 2 days ago |
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Basic chart:
The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Dow Jones U.S. FinancialsSM Index.
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 measures the performance of the financial services sector of the U.S. equity market. The fund is non-diversified.
Keywords: Exchange Traded Fund ETF Leveraged ETF Ultra ETF Inverse ETF Bear Market ETF
Classification
Keywords: Exchange Traded Fund ETF Leveraged ETF Ultra ETF Inverse ETF Bear Market ETF
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 64.4004 |
| 52 Week Low | 33.16 |
| Average Volume | 12,695 |
| 200-Day Moving Average | 45.10 |
| 50-Day Moving Average | 38.38 |
| 20-Day Moving Average | 35.93 |
| 10-Day Moving Average | 33.88 |
| Average True Range | 0.87 |
| RSI (14) | 44.13 |
| ADX | 30.61 |
| +DI | 20.56 |
| -DI | 28.23 |
| Chandelier Exit (Long, 3 ATRs) | 37.10 |
| Chandelier Exit (Short, 3 ATRs) | 35.78 |
| Upper Bollinger Bands | 40.56 |
| Lower Bollinger Band | 31.30 |
| Percent B (%b) | 0.29 |
| BandWidth | 25.79 |
| MACD Line | -1.49 |
| MACD Signal Line | -1.41 |
| MACD Histogram | -0.0784 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 34.70 | ||||
| Resistance 3 (R3) | 34.74 | 34.54 | 34.58 | ||
| Resistance 2 (R2) | 34.54 | 34.36 | 34.52 | 34.54 | |
| Resistance 1 (R1) | 34.27 | 34.25 | 34.41 | 34.23 | 34.50 |
| Pivot Point | 34.07 | 34.07 | 34.14 | 34.05 | 34.07 |
| Support 1 (S1) | 33.80 | 33.89 | 33.94 | 33.76 | 33.48 |
| Support 2 (S2) | 33.60 | 33.78 | 33.58 | 33.44 | |
| Support 3 (S3) | 33.33 | 33.60 | 33.40 | ||
| Support 4 (S4) | 33.29 |
