Technical Analysis for SMN - ProShares UltraShort Basic Materials

Grade Last Price % Change Price Change
F 6.99 0.00% 0.00
SMN closed down 2.69 percent on Wednesday, March 27, 2024, on 12 percent of normal volume. The bears made the stock sink to a new 52-week low. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down

Date Alert Name Type % Chg
New 52 Week Closing Low Bearish 0.07%
180 Bearish Setup Bearish Swing Setup 0.07%
New 52 Week Low Weakness 0.07%
Gapped Down Weakness 0.07%
Oversold Stochastic Weakness 0.07%
NR7 Range Contraction -2.62%
Narrow Range Bar Range Contraction -2.62%
Up 3 Days in a Row Strength -2.62%
Oversold Stochastic Weakness -2.62%
MACD Bullish Signal Line Cross Bullish -2.43%

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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.
Classification

Keywords: Exchange Traded Fund ETF Leveraged ETF Ultra ETF Inverse ETF Bear Market ETF Proshares Dow Jones Us Basic Materials Sector Index

Top 10 Components

Symbol Grade Price % Change Allocation
LIN C -0.16 18.22
APD D -0.58 8.28
ECL A -0.31 7.77
DD B 0.27 7.23
DOW B 0.28 6.27
NEM D 0.98 5.65
PPG B 0.41 4.81
LYB A 0.08 3.74
CTVA C 0.42 3.36
FCX B 0.60 2.96

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 10.7254
52 Week Low 6.9853
Average Volume 5,245
200-Day Moving Average 8.78
50-Day Moving Average 8.06
20-Day Moving Average 7.35
10-Day Moving Average 7.18
Average True Range 0.11
RSI (14) 27.01
ADX 37.01
+DI 19.62
-DI 51.31
Chandelier Exit (Long, 3 ATRs) 7.67
Chandelier Exit (Short, 3 ATRs) 7.33
Upper Bollinger Bands 7.83
Lower Bollinger Band 6.88
Percent B (%b) 0.11
BandWidth 12.81
MACD Line -0.28
MACD Signal Line -0.29
MACD Histogram 0.0099
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 7.09
Resistance 3 (R3) 7.10 7.08 7.07
Resistance 2 (R2) 7.08 7.05 7.07 7.07
Resistance 1 (R1) 7.03 7.04 7.02 7.02 7.06
Pivot Point 7.01 7.01 7.00 7.00 7.01
Support 1 (S1) 6.96 6.98 6.95 6.95 6.91
Support 2 (S2) 6.94 6.97 6.93 6.90
Support 3 (S3) 6.89 6.94 6.90
Support 4 (S4) 6.88