PROSHARES SHORT RUSSELL2000 (RWM) Stock Technical Analysis
NYSEARCA:RWM - US74348A2107 - ETF
17.2421 USD
+0.03 (+0.19%)
We assign a technical rating of 0 out of 10 to RWM. RWM'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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
86% of all other stocks performed better in the past year than RWM.
RWM 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 RWM has a been trading in the 17.07 - 18.58 range, which is quite wide. It is currently trading near the lows of this range.
RWM has an average volume of 9818280 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
RWM has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 17.20, a Stop Loss order could be placed below this zone.
More info and screens
17.03
21.84
When analyzing the support we notice one important area.
- A support zone ranging from 17.20 to 17.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 17.33 to 17.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 18.05 to 18.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 18.97 to 19.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @21.62 from a trend 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 RWM is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RWM is down. |
| ChartMill Relative Strength | 14.9 | NEGATIVE | RWM has a low relative strength, it was outperformed by 85.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RWM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RWM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RWM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 35.76 | NEUTRAL | The RSI value for RWM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests RWM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.44 | OVERSOLD | The low Stochastics value suggests RWM may be oversold. |
| Average True Range in percent/ATR (20) | 1.53 | LOW VOLATILITY | The low ATR as a percentage value for RWM suggests low volalility. |
| Average Directional Index/ADX (14) | 24.39 | NEUTRAL | The ADX value for RWM 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)
NYSEARCA:RWM (9/8/2025, 12:17:53 PM)
17.2421
+0.03 (+0.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.19%
1 Week-0.74%
2 Weeks-0.85%
1 Month-6.95%
3 Month-12.39%
6 Month-16.18%
12 Month-11.94%
2 Year-28.78%
3 Year-34.59%
5 Year-49.2%
10 Year-73.49%
15 Year-88.64%
Volatility
ATR(14)0.25
ATR(20)%1.53%
ATR Inc0.68%
Range Today0.14
ADR(20)0.24
ADR(20)%1.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.9
Mansfield-1.77
10 Day High17.65
10 Day Low17.07
20 Day High18.58
20 Day Low17.07
52 Week High23.99
52 Week Low17.07
CS1 End17.2
CR1 Start17.33
Volume & EV
DER(3)-1.95%
DER(5)-3.28%
Volume3.44M
Volume Incr-1.28%
Vol(5)9.79M
Vol(50)9.82M