Overall RWM gets a technical rating of 0 out of 10. 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.
RWM has a poor technical rating and the quality of the setup is also only medium 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.
More info and screens
16.07
When analyzing the support we notice one important area.
- A support zone ranging from 16.23 to 16.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 16.74 to 17.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @18.13 from a horizontal line in the daily 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 | 30.52 | NEUTRAL | RWM is not amongst the best or worst performers 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) | 40.48 | NEUTRAL | The RSI value for RWM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests RWM has a negative trend. |
| Stochastics (14,3) | 4.39 | OVERSOLD | The low Stochastics value suggests RWM may be oversold. |
| Average True Range in percent/ATR (20) | 2.09 | MEDIUM VOLATILITY | The ATR as a percentage value for RWM suggests some volalility. |
| Average Directional Index/ADX (14) | 20.39 | NEUTRAL | The ADX value for RWM suggests a possible start of a new trend. |
NYSEARCA:RWM (12/1/2025, 10:02:00 AM)
16.485
+0.09 (+0.58%)
PROSHARES SHORT RUSSELL2000 / RWM FAQ
Can you provide the ChartMill technical rating for PROSHARES SHORT RUSSELL2000?
ChartMill assigns a technical rating of 0 / 10 to RWM.
What is the current trend direction of PROSHARES SHORT RUSSELL2000 (RWM) stock?
The current trend direction for PROSHARES SHORT RUSSELL2000 (RWM) is Bearish.
What is the RSI signal for PROSHARES SHORT RUSSELL2000 (RWM) stock?
PROSHARES SHORT RUSSELL2000 (RWM) has an RSI value of 40.4841. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for PROSHARES SHORT RUSSELL2000?
The buy/sell signal for PROSHARES SHORT RUSSELL2000 (RWM) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for PROSHARES SHORT RUSSELL2000 (RWM) stock?
PROSHARES SHORT RUSSELL2000 (RWM) has a support level at 16.3 and a resistance level at 16.48. Check the full technical report for our detailed analysis of RWM support and resistance levels.