Technical Analysis for SMN - ProShares UltraShort Basic Materials

Grade Last Price % Change Price Change
grade F 26.2014 -0.41% -0.11
SMN closed down 0.41 percent on Tuesday, September 17, 2019, on 12 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. 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
See historical SMN trend table...

Date Alert Name Type % Chg
Narrow Range Bar Range Contraction 0.00%
NR7 Range Contraction 0.00%
NR7-2 Range Contraction 0.00%
Inside Day Range Contraction 0.00%
Oversold Stochastic Weakness 0.00%
Narrow Range Bar Range Contraction -0.41%
NR7 Range Contraction -0.41%
Lower Bollinger Band Walk Weakness -0.41%
Gapped Up Strength -0.41%
Oversold Stochastic Weakness -0.41%

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.
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
Summary: Counts: 0 bullish, 3 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 24.14
Average Volume 14,724
200-Day Moving Average 29.1502
50-Day Moving Average 27.5179
20-Day Moving Average 28.2882
10-Day Moving Average 27.0317
Average True Range 0.7365
ADX 20.23
+DI 22.8975
-DI 40.606
Chandelier Exit (Long, 3 ATRs ) 28.7005
Chandelier Exit (Short, 3 ATRs ) 27.6795
Upper Bollinger Band 31.3293
Lower Bollinger Band 25.2471
Percent B (%b) 0.16
BandWidth 21.500838
MACD Line -0.5417
MACD Signal Line -0.1567
MACD Histogram -0.385
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 26.63
Resistance 3 (R3) 26.63 26.49 26.56
Resistance 2 (R2) 26.49 26.38 26.49 26.53
Resistance 1 (R1) 26.35 26.31 26.28 26.34 26.51
Pivot Point 26.21 26.21 26.17 26.20 26.21
Support 1 (S1) 26.06 26.10 25.99 26.06 25.89
Support 2 (S2) 25.92 26.03 25.92 25.87
Support 3 (S3) 25.78 25.92 25.85
Support 4 (S4) 25.77