PROSHARES ULTRASHORT DOW30 (DXD) Stock Technical Analysis
NYSEARCA:DXD - NYSE Arca - US74347G3746 - ETF - Currency: USD
We assign a technical rating of 0 out of 10 to DXD. DXD 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 negative, as is the long term trend. There should be more interesting stocks out there.
91% of all other stocks performed better in the past year than DXD.
DXD 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.
DXD is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
DXD has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
23.25
33.58
We found 1 important support area.
- A support zone ranging from 23.48 to 23.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- Resistance @24.55 from a trend line in the daily time frame.
- A resistance zone ranging from 26.63 to 26.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @30.42 from a trend line in the weekly time frame.
- Resistance @33.25 from a horizontal line in the weekly time frame.
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 DXD is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DXD is down. |
| ChartMill Relative Strength | 9.2 | NEGATIVE | DXD has a low relative strength, it was outperformed by 90.8% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DXD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DXD is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DXD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 36.7 | NEUTRAL | The RSI value for DXD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests DXD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.31 | OVERSOLD | The low Stochastics value suggests DXD may be oversold. |
| Average True Range in percent/ATR (20) | 2.14 | MEDIUM VOLATILITY | The ATR as a percentage value for DXD suggests some volalility. |
| Average Directional Index/ADX (14) | 24.8 | NEUTRAL | The ADX value for DXD suggests a possible start of a new trend. |
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)
23.98
+0.34 (+1.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.44%
1 Week2.13%
2 Weeks-3.89%
1 Month-6.84%
3 Month-18.07%
6 Month-13.83%
12 Month-21.94%
2 Year-36.68%
3 Year-47.54%
5 Year-72.89%
10 Year-94.27%
15 Year-98.88%
Volatility
ATR(14)0.48
ATR(20)%2.14%
ATR Inc-11.67%
Range Today0.17
ADR(20)0.44
ADR(20)%1.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.2
Mansfield-1.9
10 Day High24.85
10 Day Low23.39
20 Day High26.91
20 Day Low23.39
52 Week High35.79
52 Week Low23.39
CS1 End23.48
CR1 Start24.55
Volume & EV
DER(3)0.67%
DER(5)2.93%
Volume292.10K
Volume Incr-30.31%
Vol(5)441.14K
Vol(50)560.00K