Technical Analysis for SKF - ProShares UltraShort Financials

Grade Last Price % Change Price Change
grade F 10.93 -7.53% -0.89
SKF closed down 7.53 percent on Friday, June 5, 2020, on 1.69 times 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 SKF trend table...

Date Alert Name Type % Chg
New 52 Week Closing Low Bearish 0.00%
Gilligan's Island Buy Setup Bullish Swing Setup 0.00%
Narrow Range Bar Range Contraction 0.00%
New 52 Week Low Weakness 0.00%
Wide Bands Range Expansion 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%
Gapped Down Weakness 0.00%
Lower Bollinger Band Touch Weakness 0.00%

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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.
Exchange Traded Fund ETF Leveraged ETF Ultra ETF Bear Market ETF Inverse ETF

Is SKF 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 30.3468
52 Week Low 10.61
Average Volume 335,466
200-Day Moving Average 15.71
50-Day Moving Average 16.08
20-Day Moving Average 14.46
10-Day Moving Average 12.92
Average True Range 0.94
ADX 18.69
+DI 18.41
-DI 45.11
Chandelier Exit (Long, 3 ATRs ) 15.75
Chandelier Exit (Short, 3 ATRs ) 13.43
Upper Bollinger Band 18.12
Lower Bollinger Band 10.80
Percent B (%b) 0.02
BandWidth 50.62
MACD Line -1.28
MACD Signal Line -0.98
MACD Histogram -0.3039
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 11.58
Resistance 3 (R3) 11.54 11.29 11.47
Resistance 2 (R2) 11.29 11.13 11.31 11.43
Resistance 1 (R1) 11.11 11.02 11.20 11.15 11.40
Pivot Point 10.86 10.86 10.91 10.88 10.86
Support 1 (S1) 10.68 10.70 10.77 10.72 10.46
Support 2 (S2) 10.43 10.59 10.45 10.43
Support 3 (S3) 10.25 10.43 10.39
Support 4 (S4) 10.29