ProShares Short Oil and Gas (DDG) Technical Analysis
NYSEARCA:DDG • US74347R2224
Current stock price
10.6017 USD
-0.16 (-1.46%)
Last:
DDG Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to DDG. DDG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- When comparing the yearly performance of all stocks, DDG is a bad performer in the overall market: 74% of all stocks are doing better.
- DDG is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- Warning: DDG has an average volume of 20618 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- In the last month DDG has a been trading in the 10.00 - 11.36 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
DDG Weekly and Daily overview Charts
DDG Setup Rating and Analysis
DDG has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. We notice that large players showed an interest for DDG in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
DDG Support and Resistance Analysis
9.92
12.10
When analyzing the support we notice one important area.
- A support zone ranging from 10.02 to 10.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 10.69 to 10.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 11.17 to 11.25. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Resistance @11.98 from a trend line in the daily time frame.
DDG Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for DDG is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DDG is neutral. |
| ChartMill Relative Strength | 26.32 | NEGATIVE | DDG has a low relative strength, it was outperformed by 73.68% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DDG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DDG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DDG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.86 | NEUTRAL | The RSI value for DDG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests DDG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 45.49 | NEUTRAL | The Stochastics value for DDG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.92 | MEDIUM VOLATILITY | The ATR as a percentage value for DDG suggests some volalility. |
DDG Chart- and CandleStick Pattern Analysis
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
DDG Technicals: Chart, Performance Metrics, Trend & Indicators
NYSEARCA:DDG (5/2/2022, 8:04:00 PM)
10.6017
-0.16 (-1.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.46%
1 Week-3.31%
2 Weeks5.69%
1 Month0.68%
3 Month-12.96%
6 Month-27.31%
12 Month-38.38%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.32
ATR(20)%2.92%
ATR Inc3.78%
Range Today0.28
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.32
3 months CRSN/A
6 months CRSN/A
Mansfield-2.35
10 Day High11.36
10 Day Low10
20 Day High11.36
20 Day Low10
52 Week High19.45
52 Week Low10
CS1 End10.16
CR1 Start10.69
Volume & EV
DER(3)5.7%
DER(5)2.34%
Volume11.70K
Volume Incr148.87%
Vol(5)27.50K
Vol(50)20.62K
ProShares Short Oil and Gas / DDG TA FAQ
What is the ChartMill technical rating of ProShares Short Oil and Gas (DDG) stock?
ChartMill assigns a technical rating of 1 / 10 to DDG.
What is the trend direction for DDG stock?
The current trend direction for ProShares Short Oil and Gas (DDG) is Bearish.
What is the RSI signal for DDG stock?
ProShares Short Oil and Gas (DDG) has an RSI value of 48.8577. This indicates that the stock is currently neutral.
What is the MACD signal for DDG stock?
The MACD indicator for ProShares Short Oil and Gas (DDG) has a value of 0.0785581, indicating a bearish trend.