PROSHARES SHORT MSCI EMR MKT (EUM)       13.97  +0.24 (+1.75%)

13.97  +0.24 (+1.75%)

US74347R3966 - ETF

Technical Rating

0

We assign a technical rating of 0 out of 10 to EUM. EUM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.



EUM is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Considerably lower volume is observed in the last couple of days.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, EUM is a bad performer in the overall market: 72% of all stocks are doing better.
In the last month EUM has a been trading in the 13.65 - 15.32 range, which is quite wide. It is currently trading near the lows of this range.

Statistics

1 Month 3 Months 6 Months 12 Months -10.44% -20.13% -7.36% 4.89% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 28.33 12.35 - 17.6
EUM Weekly chart
EUM Daily chart

Support/Resistance Analysis


13.51

15.84
When analyzing the support we notice one important area.
  • A support zone ranging from 13.65 to 13.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 3 important areas.
  • A resistance zone ranging from 14.83 to 15.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 15.33 to 15.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @15.68 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

2

The technical rating of EUM 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.


EUM Daily chart

PROSHARES SHORT MSCI EMR MKT13.97

NYSEARCA:EUM (1/30/2023, 12:33:55 PM)+0.24 (+1.75%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector N/A
GICS Industry N/A

Performance
Today 1.75% 1 Week -1.26%
2 Weeks -2.83% 1 Month -10.44%
3 Month -20.13% 6 Month -7.36%

Volatility
ATR(14) 0.15 ATR(20)% 1.41%
ATR Inc -25.99% Range Today 0.08

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 28.33 Mansfield -0.82
10 Day High 14.21 10 Day Low 13.65
20 Day High 15.32 20 Day Low 13.65
52 Week High 17.6 52 Week Low 12.35
CS1 End 13.72 CR1 Start 13.84

Volume & EV
DER(3) -1.14% DER(5) -1.92%
Volume 14.07K Volume Incr -9.94%
Vol(5) 80.96K Vol(50) 124.92K

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