Technical Analysis for SRS - ProShares UltraShort Real Estate

Grade Last Price % Change Price Change
grade F 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.

Trend Table & Recent Signals

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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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.
Exchange Traded Fund ETF Leveraged ETF Ultra ETF Bear Market ETF Inverse ETF

Is SRS 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 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