PROSHARES SHORT MSCI EMR MKT (EUM) Stock Technical Analysis
NYSEARCA:EUM - NYSE Arca - US74349Y7461 - ETF - Currency: USD
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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, EUM is a bad performer in the overall market: 88% of all stocks are doing better.
EUM 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 EUM has a been trading in the 22.73 - 24.22 range, which is quite wide. It is currently trading near the lows of this range.
Warning: EUM has an average volume of 22820 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, EUM does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 23.11. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 22.99, a Stop Loss order could be placed below this zone.
More info and screens
22.56
27.90
When analyzing the support we notice one important area.
- A support zone ranging from 22.79 to 22.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 23.11 to 23.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @24.77 from a horizontal line in the daily time frame.
- Resistance @26.92 from a trend line in the weekly time frame.
- Resistance @27.62 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 EUM is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EUM is down. |
| ChartMill Relative Strength | 12.97 | NEGATIVE | EUM has a low relative strength, it was outperformed by 87.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EUM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EUM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EUM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40 | NEUTRAL | The RSI value for EUM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests EUM has a positive trend. |
| Stochastics (14,3) | 20.1 | NEUTRAL | The Stochastics value for EUM is a neutral value. |
| Average True Range in percent/ATR (20) | 1.05 | LOW VOLATILITY | The low ATR as a percentage value for EUM suggests low volalility. |
| Average Directional Index/ADX (14) | 37.35 | POSITIVE | The high ADX value value for EUM 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)
NYSEARCA:EUM (7/11/2025, 8:08:11 PM)
23.1
+0.15 (+0.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.65%
1 Week1.32%
2 Weeks0.61%
1 Month-2.08%
3 Month-13.83%
6 Month-15.81%
12 Month-10.35%
2 Year-16.64%
3 Year-22.06%
5 Year-26.92%
10 Year-57.06%
15 Year-68.23%
Volatility
ATR(14)0.21
ATR(20)%1.05%
ATR Inc-50.49%
Range Today0.13
ADR(20)0.15
ADR(20)%0.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.97
Mansfield-1.73
10 Day High23.16
10 Day Low22.73
20 Day High24.22
20 Day Low22.73
52 Week High29.46
52 Week Low22.73
CS1 End22.99
CR1 Start23.11
Volume & EV
DER(3)1.36%
DER(5)1.13%
Volume7.70K
Volume Incr-42.71%
Vol(5)14.04K
Vol(50)22.82K