PROSHARES SHORT S&P500 (SH) Stock Technical Analysis
NYSEARCA:SH - NYSE Arca - US74349Y7537 - ETF - Currency: USD
Overall SH gets a technical rating of 0 out of 10. SH scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
76% of all other stocks performed better in the past year than SH.
SH is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so SH is lagging the market.
SH has an average volume of 7071260 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month SH has a been trading in a tight range between 40.92 and 42.89.
Although the technical rating is bad, SH does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 41.60, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SH in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
40.45
50.86
We found 1 important support area.
- A support zone ranging from 40.86 to 41.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 41.50 to 41.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 42.75 to 43.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @47.36 from a trend line in the weekly time frame.
- Resistance @50.36 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 SH is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SH is down. |
| ChartMill Relative Strength | 24.76 | NEGATIVE | SH has a low relative strength, it was outperformed by 75.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SH is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SH is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SH is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.89 | NEUTRAL | The RSI value for SH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests SH has a positive trend. |
| Stochastics (14,3) | 44.5 | NEUTRAL | The Stochastics value for SH is a neutral value. |
| Average True Range in percent/ATR (20) | 1.06 | LOW VOLATILITY | The low ATR as a percentage value for SH suggests low volalility. |
| Average Directional Index/ADX (14) | 12.04 | NEGATIVE | The low ADX value for SH suggests a weak or negative 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)
NYSEARCA:SH (6/23/2025, 10:25:10 AM)
41.375
-0.27 (-0.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.64%
1 Week1.49%
2 Weeks-0.14%
1 Month-1.56%
3 Month-6.28%
6 Month-2.37%
12 Month-10.18%
2 Year-25%
3 Year-36.91%
5 Year-53.44%
10 Year-75.61%
15 Year-90.54%
Volatility
ATR(14)0.4
ATR(20)%1.06%
ATR Inc-4.09%
Range Today0.32
ADR(20)0.38
ADR(20)%0.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.76
Mansfield-0.8
10 Day High41.73
10 Day Low40.92
20 Day High42.89
20 Day Low40.92
52 Week High51.37
52 Week Low40.84
CS1 End41.6
CR1 Start41.65
Volume & EV
DER(3)6.1%
DER(5)1.65%
Volume1.07M
Volume Incr4.2%
Vol(5)4.97M
Vol(50)7.07M