PROSHARES ULTRA SMALLCAP600 (SAA) Stock Technical Analysis
USA - NYSEARCA:SAA - US74347R8189 - ETF
23.5687 USD
-1.6 (-6.35%)
23.5 USD
-0.07 (-0.29%)
Overall SAA gets a technical rating of 4 out of 10. SAA performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
When comparing the yearly performance of all stocks, SAA is a bad performer in the overall market: 74% of all stocks are doing better.
In the last month SAA has a been trading in the 23.57 - 26.75 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Warning: SAA has an average volume of 6716 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
SAA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SAA is lagging the market.
SAA has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
22.93
27.13
2 important support areas can be observed.
- A support zone ranging from 23.56 to 23.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @23.16 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 24.47 to 25.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 26.30 to 26.86. 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 | NEUTRAL | NEUTRAL | The long term trend for SAA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SAA is neutral. |
| ChartMill Relative Strength | 26.8 | NEGATIVE | SAA has a low relative strength, it was outperformed by 73.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SAA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SAA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SAA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 35.17 | NEUTRAL | The RSI value for SAA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests SAA has a negative trend. |
| Stochastics (14,3) | 18.95 | OVERSOLD | The low Stochastics value suggests SAA may be oversold. |
| Average True Range in percent/ATR (20) | 2.68 | MEDIUM VOLATILITY | The ATR as a percentage value for SAA suggests some volalility. |
| Average Directional Index/ADX (14) | 22.19 | NEUTRAL | The ADX value for SAA 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)
23.5687
-1.6 (-6.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-6.35%
1 Week-10.35%
2 Weeks-7.56%
1 Month-7.65%
3 Month0.26%
6 Month37.99%
12 Month-11.79%
2 Year37.77%
3 Year4.53%
5 Year77.92%
10 Year109.61%
15 Year530.18%
Volatility
ATR(14)0.64
ATR(20)%2.68%
ATR Inc118.51%
Range Today1.61
ADR(20)0.53
ADR(20)%2.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.8
Mansfield-1.02
10 Day High26.75
10 Day Low23.57
20 Day High26.75
20 Day Low23.57
52 Week High32.32
52 Week Low15.22
CS1 End23.56
CR1 Start24.47
Volume & EV
DER(3)23.76%
DER(5)14.26%
Volume8.20K
Volume Incr-11.33%
Vol(5)6.12K
Vol(50)6.72K