Technical Analysis for SKF - ProShares UltraShort Financials

Grade Last Price % Change Price Change
grade B 22.14 -1.38% -0.31
SKF closed down 1.38 percent on Tuesday, January 15, 2019, on 55 percent of normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. 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 Up Flat Down
See historical SKF trend table...

Date Alert Name Type % Chg
Jan 15 Fell Below 50 DMA Bearish 0.00%
Jan 15 MACD Bearish Centerline Cross Bearish 0.00%
Jan 15 Stochastic Buy Signal Bullish 0.00%
Jan 15 Strong but Oversold Other 0.00%
Jan 15 Down 3 Days in a Row Weakness 0.00%
Jan 15 Down 4 Days in a Row Weakness 0.00%
Jan 15 Down 5 Days in a Row Weakness 0.00%
Jan 15 Oversold Stochastic Weakness 0.00%
Jan 14 Non-ADX 1,2,3,4 Bullish Bullish Swing Setup -1.38%
Jan 14 Strong but Oversold Other -1.38%

Older signals for SKF ...

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Profile
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.
Is SKF a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 2 bullish, 0 bearish and 3 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 27.97
52 Week Low 17.93
Average Volume 61,450
200-Day Moving Average 20.4452
50-Day Moving Average 22.2032
20-Day Moving Average 24.132
10-Day Moving Average 23.191
Average True Range 0.9071
ADX 17.21
+DI 18.1424
-DI 25.0729
Chandelier Exit (Long, 3 ATRs ) 25.2487
Chandelier Exit (Short, 3 ATRs ) 24.8013
Upper Bollinger Band 26.7859
Lower Bollinger Band 21.4781
Percent B (%b) 0.12
BandWidth 21.994862
MACD Line -0.0166
MACD Signal Line 0.3832
MACD Histogram -0.3998
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 23.30
Resistance 3 (R3) 23.40 23.13 23.10
Resistance 2 (R2) 23.13 22.83 23.07 23.04
Resistance 1 (R1) 22.63 22.65 22.50 22.53 22.97
Pivot Point 22.36 22.36 22.29 22.30 22.36
Support 1 (S1) 21.86 22.06 21.73 21.76 21.31
Support 2 (S2) 21.59 21.88 21.53 21.24
Support 3 (S3) 21.09 21.59 21.18
Support 4 (S4) 20.99