Technical Analysis for TWM - ProShares UltraShort Russell2000
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
 |
14.21 | 0.85% | 0.12 |
TWM closed up 0.85 percent on Tuesday, September 17, 2019, on 88 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 TWM trend table... | |||
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Narrow Range Bar | Range Contraction | 0.00% | |
| NR7 | Range Contraction | 0.00% | |
| Oversold Stochastic | Weakness | 0.00% | |
| Lower Bollinger Band Walk | Weakness | 0.85% | |
| Down 3 Days in a Row | Weakness | 0.85% | |
| Down 4 Days in a Row | Weakness | 0.85% | |
| Down 5 Days in a Row | Weakness | 0.85% | |
| Oversold Stochastic | Weakness | 0.85% | |
| Hammer Candlestick | Bullish | -0.07% | |
| Stochastic Buy Signal | Bullish | -0.07% |
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Basic chart:
The investment seeks daily investment results that correspond to two times the inverse (-2x) of the daily performance of the Russell 2000® 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 is a measure of small-cap U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index containing approximately 2000 of the smallest companies in the Russell 3000® Index or approximately 8% of the total market capitalization of the Russell 3000® Index. 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. | ||
Indicators
| Indicator | Value |
|---|---|
| 52 Week High | 23.55 |
| 52 Week Low | 13.25 |
| Average Volume | 1,009,062 |
| 200-Day Moving Average | 16.0263 |
| 50-Day Moving Average | 15.3608 |
| 20-Day Moving Average | 15.516 |
| 10-Day Moving Average | 14.853 |
| Average True Range | 0.5127 |
| ADX | 21.69 |
| +DI | 15.7405 |
| -DI | 32.7208 |
| Chandelier Exit (Long, 3 ATRs ) | 15.4319 |
| Chandelier Exit (Short, 3 ATRs ) | 15.4681 |
| Upper Bollinger Band | 17.2685 |
| Lower Bollinger Band | 13.7635 |
| Percent B (%b) | 0.13 |
| BandWidth | 22.589585 |
| MACD Line | -0.3988 |
| MACD Signal Line | -0.1662 |
| MACD Histogram | -0.2326 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 14.50 | ||||
| Resistance 3 (R3) | 14.52 | 14.44 | 14.45 | ||
| Resistance 2 (R2) | 14.44 | 14.37 | 14.43 | 14.43 | |
| Resistance 1 (R1) | 14.33 | 14.33 | 14.39 | 14.31 | 14.42 |
| Pivot Point | 14.25 | 14.25 | 14.28 | 14.24 | 14.25 |
| Support 1 (S1) | 14.14 | 14.18 | 14.20 | 14.12 | 14.00 |
| Support 2 (S2) | 14.06 | 14.14 | 14.05 | 13.99 | |
| Support 3 (S3) | 13.95 | 14.06 | 13.97 | ||
| Support 4 (S4) | 13.93 |
