PROSHARES ULTRASHORT DOW30 (DXD) Stock Technical Analysis
USA - NYSEARCA:DXD - US74347G3746 - ETF
22.94 USD
+0.86 (+3.89%)
23.25 USD
+0.31 (+1.35%)
Taking everything into account, DXD scores 1 out of 10 in our technical rating. 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.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
78% 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.
In the last month DXD has a been trading in the 21.42 - 22.96 range, which is quite wide. It is currently trading near the high of this range.
DXD has an average volume of 1105980 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of DXD is bad and it also does not present a quality setup 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
21.46
33.58
We found 1 important support area.
- A support zone ranging from 21.68 to 22.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 3 important resistance areas.
- Resistance @24.36 from a horizontal line in the daily time frame.
- A resistance zone ranging from 24.97 to 24.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | NEUTRAL | NEUTRAL | The short term trend for DXD is neutral. |
| ChartMill Relative Strength | 22.13 | NEGATIVE | DXD has a low relative strength, it was outperformed by 77.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DXD is above the rising 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) | 60.82 | NEUTRAL | The RSI value for DXD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests DXD has a positive trend. |
| Stochastics (14,3) | 64.59 | NEUTRAL | The Stochastics value for DXD is a neutral value. |
| Average True Range in percent/ATR (20) | 1.69 | LOW VOLATILITY | The low ATR as a percentage value for DXD suggests low volalility. |
| Average Directional Index/ADX (14) | 31.83 | POSITIVE | The high ADX value value for DXD suggests a strong 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)
22.94
+0.86 (+3.89%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg3.89%
1 Week5.81%
2 Weeks3.66%
1 Month1.24%
3 Month-4.34%
6 Month-21.63%
12 Month-14.34%
2 Year-48.16%
3 Year-48.68%
5 Year-73%
10 Year-94.28%
15 Year-98.75%
Volatility
ATR(14)0.4
ATR(20)%1.69%
ATR Inc120.03%
Range Today1.13
ADR(20)0.38
ADR(20)%1.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.13
Mansfield-1.89
10 Day High22.96
10 Day Low21.42
20 Day High22.96
20 Day Low21.42
52 Week High35.79
52 Week Low21.42
CS1 End22.18
CR1 Start24.36
Volume & EV
DER(3)6.72%
DER(5)5.94%
Volume3.23M
Volume Incr15.99%
Vol(5)1.47M
Vol(50)1.11M