Technical Analysis for SMN - ProShares UltraShort Basic Materials

Grade Last Price % Change Price Change
grade D 24.3539 0.25% 0.06
SMN closed up 0.25 percent on Tuesday, February 18, 2020, on 16.59 times normal volume. It ran into resistance at its 50 day moving average. 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. 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 Flat Flat
Historical SMN trend table...

Date Alert Name Type % Chg
50 DMA Resistance Bearish 0.00%
Shooting Star Candlestick Bearish 0.00%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 0.00%
Stochastic Buy Signal Bullish 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Volume Surge Other 0.00%
Narrow Range Bar Range Contraction 0.00%
Up 3 Days in a Row Strength 0.00%
Oversold Stochastic Weakness 0.00%
Narrow Range Bar Range Contraction 0.25%

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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.
Exchange Traded Fund Financial Law Mathematical Finance Financial Ratios Derivative Rate Of Return Proshare Dow Jones Us Basic Materials Sector Index

Is SMN 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 32.92
52 Week Low 23.08
Average Volume 2,947
200-Day Moving Average 26.63
50-Day Moving Average 24.38
20-Day Moving Average 24.91
10-Day Moving Average 24.42
Average True Range 0.51
ADX 16.17
+DI 34.90
-DI 32.81
Chandelier Exit (Long, 3 ATRs ) 25.41
Chandelier Exit (Short, 3 ATRs ) 25.18
Upper Bollinger Band 26.49
Lower Bollinger Band 23.34
Percent B (%b) 0.32
BandWidth 12.63
MACD Line -0.06
MACD Signal Line 0.07
MACD Histogram -0.126
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 24.67
Resistance 3 (R3) 24.69 24.60 24.62
Resistance 2 (R2) 24.60 24.52 24.59 24.60
Resistance 1 (R1) 24.48 24.47 24.54 24.46 24.58
Pivot Point 24.39 24.39 24.42 24.38 24.39
Support 1 (S1) 24.27 24.31 24.33 24.25 24.13
Support 2 (S2) 24.18 24.26 24.17 24.11
Support 3 (S3) 24.06 24.18 24.09
Support 4 (S4) 24.04