Technical Analysis for SSG - ProShares UltraShort Semiconductors

Grade Last Price % Change Price Change
grade F 5.92 -0.34% -0.02
SSG closed down 0.34 percent on Friday, August 14, 2020, on 68 percent of 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. 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
Historical SSG trend table...

Date Alert Name Type % Chg
Hammer Candlestick Bullish 0.00%
New 52 Week Low Weakness 0.00%
Oversold Stochastic Weakness 0.00%
New Downtrend Bearish -0.34%
New 52 Week Low Weakness -0.34%
Oversold Stochastic Weakness -0.34%
MACD Bearish Signal Line Cross Bearish 2.06%
New 52 Week Closing Low Bearish 2.06%
180 Bearish Setup Bearish Swing Setup 2.06%
Expansion Breakdown Bearish Swing Setup 2.06%

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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. SemiconductorsSM 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 semiconductor sub-sector of the U.S. equity market. The fund is non-diversified.
Exchange Traded Fund ETF Exchange Traded Funds Leveraged ETF Ultra ETF Bear Market ETF Inverse ETF Semiconductor Silver Exchange Traded Product Inverse Exchange Traded Fund Proshare Wagering Dow Jones U.S. Semiconductors Total Return Index

Top 10 Components

Symbol Grade Percentage
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NVDA 12.05
TXN 9.72
AVGO 9.66
QCOM 8.64
MU 5.04
AMAT 4.58
AMD 4.48
LRCX 3.53
ADI 3.48
View All SSG Holdings

Is SSG 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 25.0
52 Week Low 5.7605
Average Volume 28,139
200-Day Moving Average 12.11
50-Day Moving Average 6.77
20-Day Moving Average 6.29
10-Day Moving Average 6.02
Average True Range 0.28
ADX 25.68
+DI 15.10
-DI 30.41
Chandelier Exit (Long, 3 ATRs ) 6.31
Chandelier Exit (Short, 3 ATRs ) 6.60
Upper Bollinger Band 6.96
Lower Bollinger Band 5.63
Percent B (%b) 0.22
BandWidth 21.11
MACD Line -0.28
MACD Signal Line -0.27
MACD Histogram -0.0027
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 6.16
Resistance 3 (R3) 6.13 6.03 6.12
Resistance 2 (R2) 6.03 5.97 6.04 6.11
Resistance 1 (R1) 5.97 5.93 6.00 6.00 6.09
Pivot Point 5.87 5.87 5.88 5.88 5.87
Support 1 (S1) 5.81 5.81 5.84 5.84 5.75
Support 2 (S2) 5.71 5.77 5.72 5.73
Support 3 (S3) 5.65 5.71 5.72
Support 4 (S4) 5.68