Technical Analysis for SMN - ProShares UltraShort Basic Materials
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| C | 14.04 | -1.86% | -0.27 |
SMN closed down 1.86 percent on Wednesday, November 20, 2024, on 3.72 times normal volume. Its advance stalled at its 200 day moving average, an important long-term support / resistance line. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Strong | Down | Up | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| 200 DMA Resistance | Bearish | 0.00% | |
| Slingshot Bullish | Bullish Swing Setup | 0.00% | |
| Volume Surge | Other | 0.00% | |
| Overbought Stochastic | Strength | 0.00% | |
| Gapped Down | Weakness | 0.00% | |
| 200 DMA Resistance | Bearish | -1.86% | |
| Gilligan's Island Sell Setup | Bearish Swing Setup | -1.86% | |
| New Uptrend | Bullish | -1.86% | |
| Gapped Up | Strength | -1.86% | |
| Overbought Stochastic | Strength | -1.86% |
| Alert | Time |
|---|---|
| Possible NR7 | 1 day ago |
| Rose Above Previous Day's High | 2 days ago |
| Rose Above Upper Bollinger Band | 2 days ago |
| Rose Above 200 DMA | 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. 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.
Keywords: Exchange Traded Fund ETF Leveraged ETF Ultra ETF Inverse ETF Bear Market ETF Proshares Dow Jones Us Basic Materials Sector Index
Classification
Keywords: Exchange Traded Fund ETF Leveraged ETF Ultra ETF Inverse ETF Bear Market ETF Proshares Dow Jones Us Basic Materials Sector Index
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 17.8794 |
| 52 Week Low | 12.44 |
| Average Volume | 3,778 |
| 200-Day Moving Average | 14.33 |
| 50-Day Moving Average | 13.37 |
| 20-Day Moving Average | 13.74 |
| 10-Day Moving Average | 13.95 |
| Average True Range | 0.28 |
| RSI (14) | 59.51 |
| ADX | 25.61 |
| +DI | 42.10 |
| -DI | 22.64 |
| Chandelier Exit (Long, 3 ATRs) | 13.66 |
| Chandelier Exit (Short, 3 ATRs) | 13.74 |
| Upper Bollinger Bands | 14.48 |
| Lower Bollinger Band | 13.00 |
| Percent B (%b) | 0.7 |
| BandWidth | 10.77 |
| MACD Line | 0.25 |
| MACD Signal Line | 0.19 |
| MACD Histogram | 0.0651 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 14.52 | ||||
| Resistance 3 (R3) | 14.57 | 14.47 | 14.44 | ||
| Resistance 2 (R2) | 14.47 | 14.34 | 14.44 | 14.41 | |
| Resistance 1 (R1) | 14.25 | 14.27 | 14.20 | 14.20 | 14.39 |
| Pivot Point | 14.15 | 14.15 | 14.12 | 14.12 | 14.15 |
| Support 1 (S1) | 13.93 | 14.02 | 13.88 | 13.88 | 13.69 |
| Support 2 (S2) | 13.83 | 13.95 | 13.80 | 13.67 | |
| Support 3 (S3) | 13.61 | 13.83 | 13.64 | ||
| Support 4 (S4) | 13.56 |
