Technical Analysis for SRS - ProShares UltraShort Real Estate

Grade Last Price % Change Price Change
grade D 27.49 -0.76% -0.21
SRS closed down 0.76 percent on Thursday, January 17, 2019, on 64 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. 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.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Strong Down Down Down
See historical SRS trend table...

Date Alert Name Type % Chg
Jan 17 Narrow Range Bar Range Contraction 0.00%
Jan 17 NR7 Range Contraction 0.00%
Jan 17 Down 3 Days in a Row Weakness 0.00%
Jan 17 Oversold Stochastic Weakness 0.00%
Jan 16 Oversold Stochastic Weakness -0.76%
Jan 15 MACD Bearish Centerline Cross Bearish -2.10%
Jan 15 New Downtrend Bearish -2.10%
Jan 15 Oversold Stochastic Weakness -2.10%
Jan 14 50 DMA Resistance Bearish -3.85%
Jan 14 1,2,3 Pullback Bullish Bullish Swing Setup -3.85%

Older signals for SRS ...

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Basic chart:
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. 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.
Is SRS 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, 4 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 37.33
52 Week Low 25.81
Average Volume 36,103
200-Day Moving Average 29.1694
50-Day Moving Average 28.577
20-Day Moving Average 30.097
10-Day Moving Average 28.905
Average True Range 0.9776
ADX 27.48
+DI 20.4038
-DI 24.1153
Chandelier Exit (Long, 3 ATRs ) 30.9572
Chandelier Exit (Short, 3 ATRs ) 30.3228
Upper Bollinger Band 33.2533
Lower Bollinger Band 26.9407
Percent B (%b) 0.09
BandWidth 20.974183
MACD Line -0.2647
MACD Signal Line 0.1862
MACD Histogram -0.4509
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 27.93
Resistance 3 (R3) 27.97 27.88 27.85
Resistance 2 (R2) 27.88 27.77 27.85 27.83
Resistance 1 (R1) 27.68 27.70 27.64 27.64 27.80
Pivot Point 27.59 27.59 27.56 27.56 27.59
Support 1 (S1) 27.39 27.48 27.35 27.35 27.18
Support 2 (S2) 27.30 27.41 27.27 27.15
Support 3 (S3) 27.10 27.30 27.13
Support 4 (S4) 27.06