PROSHARES ULTRASHORT S&P500 (SDS) Stock Technical Analysis
NYSEARCA:SDS - NYSE Arca - US74347G4165 - ETF - Currency: USD
We assign a technical rating of 0 out of 10 to SDS. 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: 76% of all stocks are doing better.
SDS is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so SDS is lagging the market.
In the last month SDS has a been trading in the 18.10 - 24.70 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.
SDS has an average volume of 14300600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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
17.92
25.88
We found 1 important support area.
- A support zone ranging from 18.10 to 18.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 19.98 to 20.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @24.69 from a trend line in the weekly time frame.
- Resistance @25.62 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.89
Mansfield-1.86
10 Day High20.69
10 Day Low18.1
20 Day High24.7
20 Day Low18.1
52 Week High28.31
52 Week Low18.1
Performance
1 Week-9.99%
2 Weeks-9.09%
1 Month-21.74%
3 Month-1.25%
6 Month-9.59%
12 Month-26.38%
2 Year-53.43%
3 Year-58.07%
5 Year-82.41%
10 Year-95.54%
15 Year-99.34%
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)
Technical Indicators
MACD(12,26,9)-0.27
RSI(14)30.98
LBB17.79
UBB21.56
18.11
-0.24 (-1.31%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.31%
1 Week-9.99%
2 Weeks-9.09%
1 Month-21.74%
3 Month-1.25%
6 Month-9.59%
12 Month-26.38%
2 Year-53.43%
3 Year-58.07%
5 Year-82.41%
10 Year-95.54%
15 Year-99.34%
Volatility
ATR(14)0.58
ATR(20)%4.11%
ATR Inc-43.59%
Range Today0.33
ADR(20)0.6
ADR(20)%3.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.89
Mansfield-1.86
10 Day High20.69
10 Day Low18.1
20 Day High24.7
20 Day Low18.1
52 Week High28.31
52 Week Low18.1
CS1 End18.1
CR1 Start19.98
Volume & EV
DER(3)-2.68%
DER(5)-3.28%
Volume7.99M
Volume Incr-10.28%
Vol(5)10.33M
Vol(50)14.30M