Technical Analysis for SPXU - ProShares UltraPro Short S&P500

Grade Last Price % Change Price Change
F 18.93 0.32% 0.06
SPXU closed up 0.32 percent on Wednesday, June 23, 2021, on 50 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. The bears made the stock sink to a new 52-week low. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer 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 EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down
Historical SPXU trend table...

Date Alert Name Type % Chg
Hammer Candlestick Bullish 0.00%
Bollinger Band Squeeze Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
NR7 Range Contraction 0.00%
New 52 Week Low Weakness 0.00%
Stochastic Reached Oversold Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Bollinger Band Squeeze Range Contraction 0.32%
New 52 Week Low Weakness 0.32%
Fell Below 20 DMA Bearish -1.25%
Older End-of-Day Signals for SPXU ...

   Recent Intraday Alerts -- Get these alerts pushed to you via our Mobile App

Alert Time
60 Minute Opening Range Breakout about 13 hours ago
Possible NR7 about 15 hours ago
Fell Below Previous Day's Low about 18 hours ago
New 52 Week Low about 18 hours ago
Down 2 % 1 day ago
View Earlier Intraday Alerts

Get this analysis on your stocks daily!

Let us help you stay on top of your investments. We will alert you to important technical developments on your portfolio & watchlist.

Profile

The investment seeks daily investment results before fees and expenses that correspond to three times the inverse (-3x) of the daily performance of the S&P 500®. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as three times the inverse (-3x) of the daily return of the index. The index is a measure of large-cap U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 500 U.S. operating companies and real estate investment trusts selected through a process. The fund is non-diversified.
Classification

Keywords: Exchange Traded Fund ETF Leveraged ETF Ultra ETF Inverse ETF Bear Market ETF Capitalization Weighted Index Inverse Exchange Traded Fund Real Estate Investment Trusts Silver Exchange Traded Product

Is SPXU 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 65.1
52 Week Low 18.75
Average Volume 6,857,613
200-Day Moving Average 29.23
50-Day Moving Average 19.93
20-Day Moving Average 19.31
10-Day Moving Average 19.12
Average True Range 0.51
ADX 11.28
+DI 21.17
-DI 26.46
Chandelier Exit (Long, 3 ATRs) 18.55
Chandelier Exit (Short, 3 ATRs) 20.29
Upper Bollinger Bands 19.97
Lower Bollinger Band 18.64
Percent B (%b) 0.22
BandWidth 6.88
MACD Line -0.31
MACD Signal Line -0.35
MACD Histogram 0.0398
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 19.25
Resistance 3 (R3) 19.22 19.09 19.19
Resistance 2 (R2) 19.09 19.01 19.10 19.17
Resistance 1 (R1) 19.01 18.96 19.05 19.04 19.16
Pivot Point 18.88 18.88 18.90 18.89 18.88
Support 1 (S1) 18.80 18.80 18.84 18.83 18.70
Support 2 (S2) 18.67 18.75 18.68 18.69
Support 3 (S3) 18.59 18.67 18.67
Support 4 (S4) 18.62