Technical Analysis for SMN - ProShares UltraShort Basic Materials

Grade Last Price % Change Price Change
grade A 32.99 1.41% 0.46
SMN closed up 1.41 percent on Tuesday, January 15, 2019, on 2.07 times normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above 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 Up Flat
See historical SMN trend table...

Date Alert Name Type % Chg
Jan 15 Crossed Above 50 DMA Bullish 0.00%
Jan 15 Pocket Pivot Bullish Swing Setup 0.00%
Jan 15 Strong but Oversold Other 0.00%
Jan 15 Up 3 Days in a Row Strength 0.00%
Jan 15 Oversold Stochastic Weakness 0.00%
Jan 14 Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 1.41%
Jan 14 Narrow Range Bar Range Contraction 1.41%
Jan 14 Strong but Oversold Other 1.41%
Jan 14 Oversold Stochastic Weakness 1.41%
Jan 11 Stochastic Buy Signal Bullish 2.98%

Older signals for SMN ...

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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. Basic MaterialsSM 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 basic materials sector of the U.S. equity market. The fund is non-diversified.
Is SMN a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 3 bullish, 0 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 40.16
52 Week Low 23.46
Average Volume 8,027
200-Day Moving Average 28.1113
50-Day Moving Average 32.5642
20-Day Moving Average 34.6755
10-Day Moving Average 33.0505
Average True Range 1.393
ADX 15.12
+DI 22.5979
-DI 24.226
Chandelier Exit (Long, 3 ATRs ) 35.981
Chandelier Exit (Short, 3 ATRs ) 35.779
Upper Bollinger Band 38.8572
Lower Bollinger Band 30.4938
Percent B (%b) 0.3
BandWidth 24.119047
MACD Line -0.2461
MACD Signal Line 0.2025
MACD Histogram -0.4486
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 34.19
Resistance 3 (R3) 34.13 33.66 33.99
Resistance 2 (R2) 33.66 33.36 33.70 33.92
Resistance 1 (R1) 33.33 33.17 33.50 33.39 33.86
Pivot Point 32.86 32.86 32.95 32.90 32.86
Support 1 (S1) 32.53 32.56 32.70 32.59 32.12
Support 2 (S2) 32.06 32.37 32.10 32.06
Support 3 (S3) 31.73 32.06 31.99
Support 4 (S4) 31.79