PROSHARES ULTSHRT UTILITIES (SDP) Stock Technical Analysis
USA - NYSEARCA:SDP - US74347G2185 - ETF
11.4547 USD
+0.14 (+1.2%)
11.55 USD
+0.1 (+0.83%)
We assign a technical rating of 0 out of 10 to SDP. SDP scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, SDP is a bad performer in the overall market: 89% of all stocks are doing better.
SDP is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month SDP has a been trading in the 11.14 - 13.38 range, which is quite wide. It is currently trading near the lows of this range.
Warning: SDP has an average volume of 19906 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The technical rating of SDP is bad and it also does not present a quality setup 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
11.34
17.17
7 important resistance areas can be observed.
- A resistance zone ranging from 12.66 to 12.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 12.96 to 13.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @13.41 from a trend line in the daily time frame.
- Resistance @13.72 from a horizontal line in the daily time frame.
- Resistance @14.11 from a horizontal line in the daily time frame.
- Resistance @14.94 from a horizontal line in the daily time frame.
- Resistance @17.00 from a horizontal 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 SDP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SDP is down. |
| ChartMill Relative Strength | 11.83 | NEGATIVE | SDP has a low relative strength, it was outperformed by 88.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SDP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SDP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SDP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 30.76 | NEUTRAL | The RSI value for SDP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests SDP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.31 | OVERSOLD | The low Stochastics value suggests SDP may be oversold. |
| Average True Range in percent/ATR (20) | 2.26 | MEDIUM VOLATILITY | The ATR as a percentage value for SDP suggests some volalility. |
| Average Directional Index/ADX (14) | 32.48 | POSITIVE | The high ADX value value for SDP 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)
11.4547
+0.14 (+1.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.2%
1 Week-2.68%
2 Weeks-6.91%
1 Month-11.22%
3 Month-16.43%
6 Month-28.78%
12 Month-27.04%
2 Year-60.28%
3 Year-53.68%
5 Year-71.32%
10 Year-94.27%
15 Year-95.73%
Volatility
ATR(14)0.25
ATR(20)%2.26%
ATR Inc-4.65%
Range Today0.29
ADR(20)0.21
ADR(20)%1.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.83
Mansfield-2.86
10 Day High12.41
10 Day Low11.14
20 Day High13.38
20 Day Low11.14
52 Week High18.6
52 Week Low11.14
CS1 EndN/A
CR1 Start12.66
Volume & EV
DER(3)2.53%
DER(5)1.78%
Volume10.90K
Volume Incr0%
Vol(5)23.22K
Vol(50)19.91K