We assign a technical rating of 0 out of 10 to DXD. DXD's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, DXD does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 20.30, a Stop Loss order could be placed below this zone.
More info and screens
19.87
When analyzing the support we notice one important area.
- A support zone ranging from 20.07 to 20.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
6 important resistance areas can be observed.
- A resistance zone ranging from 20.37 to 20.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 21.19 to 21.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @22.27 from a horizontal line in the weekly time frame.
- Resistance @22.77 from a horizontal line in the daily time frame.
- Resistance @23.22 from a horizontal line in the daily 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 | 18.56 | NEGATIVE | DXD has a low relative strength, it was outperformed by 81.44% 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) | 40.45 | NEUTRAL | The RSI value for DXD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests DXD has a negative trend. |
| Stochastics (14,3) | 39.6 | NEUTRAL | The Stochastics value for DXD is a neutral value. |
| Average True Range in percent/ATR (20) | 1.95 | LOW VOLATILITY | The low ATR as a percentage value for DXD suggests low volalility. |
| Average Directional Index/ADX (14) | 18.59 | NEGATIVE | The low ADX value for DXD suggests a weak or negative trend. |
20.36
-0.07 (-0.34%)
PROSHARES ULTRASHORT DOW30 / DXD FAQ
Can you provide the ChartMill technical rating for PROSHARES ULTRASHORT DOW30?
ChartMill assigns a technical rating of 0 / 10 to DXD.
What is the current trend direction of PROSHARES ULTRASHORT DOW30 (DXD) stock?
The current trend direction for PROSHARES ULTRASHORT DOW30 (DXD) is Bearish.
What is the RSI signal for PROSHARES ULTRASHORT DOW30 (DXD) stock?
PROSHARES ULTRASHORT DOW30 (DXD) has an RSI value of 40.4549. This indicates that the stock is currently neutral.
What is the MACD signal for PROSHARES ULTRASHORT DOW30 (DXD) stock?
The MACD indicator for PROSHARES ULTRASHORT DOW30 (DXD) has a value of -0.00442429, indicating a bearish trend.
What is the short term momentum for DXD stock?
The short term momentum for PROSHARES ULTRASHORT DOW30 (DXD) is negative.