PROSHARES ULTPRO SHRT DOW30 (SDOW) Technical Analysis
NYSEARCA:SDOW • US74347G1351
Current stock price
SDOW Technical Rating and Analysis
Taking everything into account, SDOW scores 6 out of 10 in our technical rating. In the last year, SDOW was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- When comparing the yearly performance of all stocks, SDOW is a bad performer in the overall market: 86% of all stocks are doing better.
- SDOW is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SDOW is lagging the market.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- SDOW has an average volume of 7401490 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month SDOW has a been trading in the 31.55 - 38.37 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SDOW Weekly and Daily overview Charts
SDOW Setup Rating and Analysis
Although the technical rating is only medium, SDOW does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 37.98. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 34.81, a Stop Loss order could be placed below this zone.
More info and screens
SDOW Support and Resistance Analysis
34.29
When analyzing the support we notice one important area.
- A support zone ranging from 34.64 to 34.81. 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 37.98 to 38.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @63.15 from a trend line in the weekly time frame.
SDOW Technical Indicator Signal Analysis
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 SDOW is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SDOW is up. |
| ChartMill Relative Strength | 14.92 | NEGATIVE | SDOW has a low relative strength, it was outperformed by 85.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SDOW is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SDOW is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SDOW is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.58 | NEUTRAL | The RSI value for SDOW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.24 | NEGATIVE | The MACD value suggests SDOW has a negative trend. |
| Stochastics (14,3) | 33.53 | NEUTRAL | The Stochastics value for SDOW is a neutral value. |
| Average True Range in percent/ATR (20) | 4.91 | MEDIUM VOLATILITY | The ATR as a percentage value for SDOW suggests some volalility. |
| Average Directional Index/ADX (14) | 33.66 | POSITIVE | The high ADX value value for SDOW suggests a strong trend. |
SDOW Chart- and CandleStick Pattern Analysis
SDOW Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 36.12 | 34.63 | 1.49 (4.13%) | 24.21% |
| An entry @36.12. This is a Buy Stop order right above the 10 day moving average. | An exit @34.63. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.49 points, which is 4.13%. | For a 1.00% total portfolio risk, you can invest 24.21% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SDOW. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
SDOW Technicals: Chart, Performance Metrics, Trend & Indicators
34.82
+0.17 (+0.49%)
PROSHARES ULTPRO SHRT DOW30 / SDOW TA FAQ
What is the technical rating for SDOW stock?
ChartMill assigns a technical rating of 6 / 10 to SDOW.
Can you provide the trend direction for PROSHARES ULTPRO SHRT DOW30?
The current trend direction for PROSHARES ULTPRO SHRT DOW30 (SDOW) is Bearish.
What is the RSI signal for PROSHARES ULTPRO SHRT DOW30 (SDOW) stock?
PROSHARES ULTPRO SHRT DOW30 (SDOW) has an RSI value of 52.5819. This indicates that the stock is currently neutral.
Can you provide the short term momentum for PROSHARES ULTPRO SHRT DOW30?
The short term momentum for PROSHARES ULTPRO SHRT DOW30 (SDOW) is positive.