PROSHARES SHORT RUSSELL2000 (RWM) Stock Technical Analysis
NYSEARCA:RWM - NYSE Arca - US74348A2107 - ETF - Currency: USD
Taking everything into account, RWM scores 0 out of 10 in our technical rating. RWM 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 neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, RWM is a bad performer in the overall market: 75% of all stocks are doing better.
In the last month RWM has a been trading in the 19.03 - 20.52 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
RWM has an average volume of 10546000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
RWM is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RWM is lagging the market slightly.
Although the technical rating is bad, RWM does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 19.39, a Stop Loss order could be placed below this zone.
More info and screens
18.30
22.38
We found 3 important support areas.
- Support @19.39 from a trend line in the daily time frame.
- Support @18.97 from a horizontal line in the daily time frame.
- Support @18.48 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 19.43 to 20.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @22.16 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 | NEUTRAL | NEUTRAL | The short term trend for RWM is neutral. |
| ChartMill Relative Strength | 25.58 | NEGATIVE | RWM has a low relative strength, it was outperformed by 74.42% 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 | MIXED | The current price of RWM is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.45 | NEUTRAL | The RSI value for RWM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests RWM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 44.02 | NEUTRAL | The Stochastics value for RWM is a neutral value. |
| 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) | 12.9 | NEGATIVE | The low ADX value for RWM suggests a weak or negative 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)
19.39
-0.23 (-1.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.17%
1 Week-1.47%
2 Weeks0.05%
1 Month-3.77%
3 Month-6.1%
6 Month4.25%
12 Month-6.82%
2 Year-15.07%
3 Year-25.54%
5 Year-46.42%
10 Year-66.56%
15 Year-88.78%
Volatility
ATR(14)0.29
ATR(20)%1.53%
ATR Inc29.29%
Range Today0.46
ADR(20)0.26
ADR(20)%1.33%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.58
Mansfield-0.49
10 Day High19.85
10 Day Low19.03
20 Day High20.52
20 Day Low19.03
52 Week High23.99
52 Week Low17.14
CS1 End19.39
CR1 Start19.43
Volume & EV
DER(3)-2.63%
DER(5)-1.74%
Volume8.25M
Volume Incr-50.62%
Vol(5)7.30M
Vol(50)10.55M