Technical Analysis for SRS - ProShares UltraShort Real Estate
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
 |
14.51 | -7.12% | -1.11 |
SRS closed down 7.12 percent on Friday, June 5, 2020, on 2.78 times normal volume. 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.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Down | Down | Down |
| Historical SRS trend table... | |||
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| New 52 Week Closing Low | Bearish | 0.00% | |
| Hammer Candlestick | Bullish | 0.00% | |
| Stochastic Buy Signal | Bullish | 0.00% | |
| Lizard Bullish | Bullish Day Trade Setup | 0.00% | |
| Doji - Bullish? | Reversal | 0.00% | |
| New 52 Week Low | Weakness | 0.00% | |
| Wide Bands | Range Expansion | 0.00% | |
| Gapped Down | Weakness | 0.00% | |
| Lower Bollinger Band Touch | Weakness | 0.00% | |
| Oversold Stochastic | Weakness | 0.00% |
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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. Real EstateSM 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 real estate sector of the U.S. equity market. Component companies include, among others, real estate holding and development and real estate services companies and real estate investment trusts ("REITs"). The fund is non-diversified.
Exchange Traded Fund ETF Leveraged ETF Ultra ETF Bear Market ETF Inverse ETF
Exchange Traded Fund ETF Leveraged ETF Ultra ETF Bear Market ETF Inverse ETF
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 39.5599 |
| 52 Week Low | 13.9402 |
| Average Volume | 369,300 |
| 200-Day Moving Average | 19.68 |
| 50-Day Moving Average | 20.20 |
| 20-Day Moving Average | 18.66 |
| 10-Day Moving Average | 16.73 |
| Average True Range | 1.19 |
| ADX | 18.13 |
| +DI | 18.21 |
| -DI | 43.74 |
| Chandelier Exit (Long, 3 ATRs ) | 20.35 |
| Chandelier Exit (Short, 3 ATRs ) | 17.50 |
| Upper Bollinger Band | 23.27 |
| Lower Bollinger Band | 14.06 |
| Percent B (%b) | 0.05 |
| BandWidth | 49.35 |
| MACD Line | -1.44 |
| MACD Signal Line | -1.04 |
| MACD Histogram | -0.4038 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 15.53 | ||||
| Resistance 3 (R3) | 15.45 | 15.04 | 15.36 | ||
| Resistance 2 (R2) | 15.04 | 14.78 | 15.07 | 15.30 | |
| Resistance 1 (R1) | 14.77 | 14.62 | 14.57 | 14.85 | 15.25 |
| Pivot Point | 14.36 | 14.36 | 14.25 | 14.40 | 14.36 |
| Support 1 (S1) | 14.09 | 14.10 | 13.89 | 14.17 | 13.77 |
| Support 2 (S2) | 13.68 | 13.94 | 13.72 | 13.72 | |
| Support 3 (S3) | 13.41 | 13.68 | 13.66 | ||
| Support 4 (S4) | 13.49 |
