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's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
83% of all other stocks performed better in the past year than SH.
SH 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.
SH has an average volume of 4756590 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 38.45 and 39.85.
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 38.45, a Stop Loss order could be placed below this zone.
More info and screens
38.07
50.86
We found 1 important support area.
- A support zone ranging from 38.45 to 38.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 6 important areas.
- A resistance zone ranging from 38.79 to 39.03. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 39.71 to 40.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @41.50 from a horizontal line in the daily time frame.
- Resistance @42.89 from a horizontal line in the daily time frame.
- Resistance @46.13 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 | 17.46 | NEGATIVE | SH has a low relative strength, it was outperformed by 82.54% 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) | 35.4 | NEUTRAL | The RSI value for SH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests SH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 14.45 | OVERSOLD | The low Stochastics value suggests SH may be oversold. |
| Average True Range in percent/ATR (20) | 0.89 | LOW VOLATILITY | The low ATR as a percentage value for SH suggests low volalility. |
| Average Directional Index/ADX (14) | 23.38 | NEUTRAL | The ADX value for SH suggests a possible start of a new 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)
38.46
-0.42 (-1.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.08%
1 Week-2.16%
2 Weeks-0.93%
1 Month-2.68%
3 Month-7.28%
6 Month-6.35%
12 Month-14.91%
2 Year-30.63%
3 Year-38.84%
5 Year-51.14%
10 Year-78.2%
15 Year-91%
Volatility
ATR(14)0.37
ATR(20)%0.89%
ATR Inc-5.11%
Range Today0.37
ADR(20)0.3
ADR(20)%0.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.46
Mansfield-1.79
10 Day High39.85
10 Day Low38.45
20 Day High39.85
20 Day Low38.45
52 Week High51.37
52 Week Low38.45
CS1 End38.45
CR1 Start38.79
Volume & EV
DER(3)2.52%
DER(5)1.25%
Volume5.40M
Volume Incr-13.99%
Vol(5)4.20M
Vol(50)4.76M