PROSHARES SHORT RUSSELL2000 (RWM) Stock Technical Analysis
USA - NYSEARCA:RWM - US74348A2107 - ETF
16.54 USD
-0.12 (-0.72%)
16.42 USD
-0.12 (-0.73%)
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.
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, RWM is a bad performer in the overall market: 84% of all stocks are doing better.
RWM is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month RWM has a been trading in the 16.38 - 17.39 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
RWM has an average volume of 9523450 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. We notice that large players showed an interest for RWM in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
16.36
19.16
When analyzing the support we notice one important area.
- A support zone ranging from 16.53 to 16.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 16.62 to 16.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 17.56 to 18.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @18.59 from a horizontal line in the daily time frame.
- A resistance zone ranging from 18.97 to 18.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 16.89 | NEGATIVE | RWM has a low relative strength, it was outperformed by 83.11% 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) | 31.18 | NEUTRAL | The RSI value for RWM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests RWM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 21.3 | NEUTRAL | The Stochastics value for RWM is a neutral value. |
| Average True Range in percent/ATR (20) | 1.39 | LOW VOLATILITY | The low ATR as a percentage value for RWM suggests low volalility. |
| Average Directional Index/ADX (14) | 30.78 | POSITIVE | The high ADX value value for RWM 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)
16.54
-0.12 (-0.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.72%
1 Week-1.66%
2 Weeks-1.66%
1 Month-3.89%
3 Month-9.27%
6 Month-27.3%
12 Month-13.31%
2 Year-36.6%
3 Year-29.97%
5 Year-49.94%
10 Year-73.02%
15 Year-88.61%
Volatility
ATR(14)0.24
ATR(20)%1.39%
ATR Inc-0.96%
Range Today0.2
ADR(20)0.21
ADR(20)%1.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.89
Mansfield-2.23
10 Day High17.07
10 Day Low16.38
20 Day High17.39
20 Day Low16.38
52 Week High23.99
52 Week Low16.38
CS1 End16.53
CR1 Start16.62
Volume & EV
DER(3)2.99%
DER(5)3.18%
Volume9.68M
Volume Incr-12.12%
Vol(5)8.02M
Vol(50)9.52M