Technical Analysis for ZSL - ProShares UltraShort Silver

Grade Last Price % Change Price Change
grade F 7.38 -13.68% -1.17
ZSL closed down 13.68 percent on Thursday, August 6, 2020, on 8.96 times normal volume. The bears made the stock sink to a new 52-week low. 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
Very Strong Down Down Down
Historical ZSL trend table...

Date Alert Name Type % Chg
New 52 Week Closing Low Bearish 0.00%
Volume Surge Other 0.00%
New 52 Week Low Weakness 0.00%
Wide Bands Range Expansion 0.00%
Down 3 Days in a Row Weakness 0.00%
Down 4 Days in a Row Weakness 0.00%
Down 5 Days in a Row Weakness 0.00%
Gapped Down Weakness 0.00%
Oversold Stochastic Weakness 0.00%
New 52 Week Closing Low Bearish -13.68%

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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.
Exchange Traded Fund ETF Leveraged ETF Ultra ETF Bear Market ETF Inverse ETF Silver Exchange Traded Product Swap

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 7.34
Average Volume 692,832
200-Day Moving Average 26.27
50-Day Moving Average 17.70
20-Day Moving Average 13.17
10-Day Moving Average 10.21
Average True Range 1.07
ADX 54.99
+DI 7.40
-DI 56.67
Chandelier Exit (Long, 3 ATRs ) 15.89
Chandelier Exit (Short, 3 ATRs ) 10.54
Upper Bollinger Band 20.13
Lower Bollinger Band 6.20
Percent B (%b) 0.08
BandWidth 105.83
MACD Line -2.90
MACD Signal Line -2.59
MACD Histogram -0.3167
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 8.36
Resistance 3 (R3) 8.45 8.22 8.19
Resistance 2 (R2) 8.22 7.97 8.17 8.14
Resistance 1 (R1) 7.80 7.82 7.69 7.71 8.08
Pivot Point 7.57 7.57 7.51 7.52 7.57
Support 1 (S1) 7.15 7.32 7.04 7.06 6.68
Support 2 (S2) 6.92 7.17 6.87 6.62
Support 3 (S3) 6.50 6.92 6.57
Support 4 (S4) 6.41