Technical Analysis for SRS - ProShares UltraShort Real Estate
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
 |
22.08 | 0.50% | 0.11 |
SRS closed up 0.5 percent on Friday, May 17, 2019, on 70 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.
| ADX | Long-Term | Intermediate-Term | Short-Term |
|---|---|---|---|
| Weak or Absent | Down | Down | Down |
| See historical SRS trend table... | |||
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Narrow Range Bar | Range Contraction | 0.00% | |
| NR7 | Range Contraction | 0.00% | |
| Oversold Stochastic | Weakness | 0.00% | |
| New 52 Week Low | Weakness | 0.50% | |
| Stochastic Reached Oversold | Weakness | 0.50% | |
| Down 3 Days in a Row | Weakness | 0.50% | |
| Lower Bollinger Band Touch | Weakness | 0.50% | |
| Oversold Stochastic | Weakness | 0.50% | |
| MACD Bearish Signal Line Cross | Bearish | -0.63% | |
| Spinning Top | Other | -1.78% |
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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.
| 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. | ||
See more SRS news...
Indicators
| Indicator | Value |
|---|---|
| 52 Week High | 33.89 |
| 52 Week Low | 21.84 |
| Average Volume | 50,456 |
| 200-Day Moving Average | 26.371 |
| 50-Day Moving Average | 22.8682 |
| 20-Day Moving Average | 22.722 |
| 10-Day Moving Average | 22.579 |
| Average True Range | 0.4918 |
| ADX | 14.81 |
| +DI | 21.2068 |
| -DI | 25.7492 |
| Chandelier Exit (Long, 3 ATRs ) | 22.6546 |
| Chandelier Exit (Short, 3 ATRs ) | 23.3154 |
| Upper Bollinger Band | 23.5929 |
| Lower Bollinger Band | 21.8511 |
| Percent B (%b) | 0.13 |
| BandWidth | 7.665698 |
| MACD Line | -0.2003 |
| MACD Signal Line | -0.1356 |
| MACD Histogram | -0.0647 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 22.44 | ||||
| Resistance 3 (R3) | 22.46 | 22.35 | 22.38 | ||
| Resistance 2 (R2) | 22.35 | 22.26 | 22.35 | 22.36 | |
| Resistance 1 (R1) | 22.22 | 22.21 | 22.17 | 22.20 | 22.34 |
| Pivot Point | 22.11 | 22.11 | 22.09 | 22.11 | 22.11 |
| Support 1 (S1) | 21.98 | 22.02 | 21.93 | 21.96 | 21.82 |
| Support 2 (S2) | 21.87 | 21.97 | 21.87 | 21.80 | |
| Support 3 (S3) | 21.74 | 21.87 | 21.78 | ||
| Support 4 (S4) | 21.72 |
