Technical Analysis for ZSL - ProShares UltraShort Silver

Grade Last Price % Change Price Change
D 6.6 6.28% 0.39
ZSL closed up 6.28 percent on Thursday, March 4, 2021, on 1.81 times normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent EOD Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Up Up
Historical ZSL trend table...

Date Alert Name Type % Chg
Crossed Above 50 DMA Bullish 0.00%
Expansion Pivot Buy Setup Bullish Swing Setup 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Stochastic Reached Overbought Strength 0.00%
Weak + Overbought Other 0.00%
BB Squeeze Ended Range Expansion 0.00%
Above Upper BB Strength 0.00%
Overbought Stochastic Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
Bollinger Band Squeeze Range Contraction 6.28%
Older End-of-Day Signals for ZSL ...

   Recent Intraday Alerts -- Get these alerts pushed to you via our Mobile App

Alert Time
Possible Pocket Pivot about 6 hours ago
Up 1 ATR about 6 hours ago
Rose Above 50 DMA about 6 hours ago
2x Volume Pace about 6 hours ago
Up 5% about 6 hours ago
View Earlier Intraday Alerts

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Profile

The investment seeks to correspond (before fees and expenses) to two times the inverse (-2x) of the daily performance of silver bullion as measured by the London Silver Price. The fund invests principally in any one of or combinations of Financial Instruments, including swap agreements, futures contracts or forward contracts with respect to the applicable fund’s benchmark to the extent determined appropriate by the Sponsor. It may invest up to 100% of its assets in any of these types of cash or cash equivalent securities.
Classification

Keywords: Exchange Traded Fund ETF Leveraged ETF Ultra ETF Inverse ETF Bear Market ETF Silver Exchange Traded Product Swap Forward Contract Bullion

Is ZSL 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 56.61
52 Week Low 4.82
Average Volume 1,983,818
200-Day Moving Average 10.80
50-Day Moving Average 6.46
20-Day Moving Average 5.87
10-Day Moving Average 5.88
Average True Range 0.38
ADX 17.05
+DI 30.24
-DI 22.70
Chandelier Exit (Long, 3 ATRs ) 5.60
Chandelier Exit (Short, 3 ATRs ) 6.49
Upper Bollinger Band 6.41
Lower Bollinger Band 5.33
Percent B (%b) 1.17
BandWidth 18.51
MACD Line -0.10
MACD Signal Line -0.24
MACD Histogram 0.1374
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 7.52
Resistance 3 (R3) 7.46 7.11 7.36
Resistance 2 (R2) 7.11 6.87 7.13 7.31
Resistance 1 (R1) 6.85 6.73 6.98 6.91 7.26
Pivot Point 6.50 6.50 6.56 6.52 6.50
Support 1 (S1) 6.24 6.26 6.37 6.30 5.94
Support 2 (S2) 5.89 6.12 5.91 5.89
Support 3 (S3) 5.63 5.89 5.84
Support 4 (S4) 5.69