PROSHARES ULTRASHORT S&P500 (SDS) Technical Analysis
NYSEARCA:SDS • US74350P6676
Current stock price
SDS Technical Rating and Analysis
Overall SDS gets a technical rating of 0 out of 10. SDS 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, SDS is a bad performer in the overall market: 88% of all stocks are doing better.
- SDS is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month SDS has a been trading in the 62.51 - 80.50 range, which is quite wide. It is currently trading near the lows of this range.
- SDS has an average volume of 4477510 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
SDS Weekly and Daily overview Charts
SDS Setup Rating and Analysis
The technical rating of SDS 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
SDS Support and Resistance Analysis
61.97
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 64.31 to 64.36. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @66.71 from a horizontal line in the daily time frame.
- A resistance zone ranging from 69.02 to 70.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @75.35 from a trend line in the weekly time frame.
- Resistance @79.85 from a horizontal line in the daily time frame.
SDS 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 | DOWN | NEGATIVE | The long term trend for SDS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SDS is down. |
| ChartMill Relative Strength | 12.6 | NEGATIVE | SDS has a low relative strength, it was outperformed by 87.4% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SDS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SDS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SDS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 30.62 | NEUTRAL | The RSI value for SDS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.73 | NEGATIVE | The MACD value suggests SDS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 2.89 | OVERSOLD | The low Stochastics value suggests SDS may be oversold. |
| Average True Range in percent/ATR (20) | 3.05 | MEDIUM VOLATILITY | The ATR as a percentage value for SDS suggests some volalility. |
| Average Directional Index/ADX (14) | 23.87 | NEUTRAL | The ADX value for SDS suggests a possible start of a new trend. |
SDS Chart- and CandleStick Pattern Analysis
SDS Technicals: Chart, Performance Metrics, Trend & Indicators
62.6
-0.95 (-1.49%)
PROSHARES ULTRASHORT S&P500 / SDS TA FAQ
What is the ChartMill technical rating of PROSHARES ULTRASHORT S&P500 (SDS) stock?
ChartMill assigns a technical rating of 0 / 10 to SDS.
What is the current trend direction of PROSHARES ULTRASHORT S&P500 (SDS) stock?
The current trend direction for PROSHARES ULTRASHORT S&P500 (SDS) is Bearish.
What is the RSI signal for PROSHARES ULTRASHORT S&P500 (SDS) stock?
PROSHARES ULTRASHORT S&P500 (SDS) has an RSI value of 30.621. This indicates that the stock is currently neutral.
What is the short term momentum for PROSHARES ULTRASHORT S&P500 (SDS) stock?
The short term momentum for PROSHARES ULTRASHORT S&P500 (SDS) is negative.
What are the support and resistance levels for PROSHARES ULTRASHORT S&P500 (SDS) stock?
PROSHARES ULTRASHORT S&P500 (SDS) has a resistance level at 64.31. Check the full technical report for our detailed analysis of SDS support and resistance levels.