PROSHARES SHORT S&P500 (SH) Technical Analysis
NYSEARCA:SH • US74349Y7537
Current stock price
SH Technical Rating and Analysis
Taking everything into account, SH scores 7 out of 10 in our technical rating. Although SH is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- 80% of all other stocks performed better in the past year than SH.
- SH is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SH is lagging the market.
- The long and short term trends are both positive. This is looking good!
- SH has an average volume of 13267100 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 the 36.29 - 39.20 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SH Weekly and Daily overview Charts
SH Setup Rating and Analysis
Besides having an excellent technical rating, SH also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 38.71. Right above this resistance zone may be a good entry point.
More info and screens
SH Support and Resistance Analysis
35.04
We found 2 important support areas.
- A support zone ranging from 36.59 to 37.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 35.39 to 35.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 38.71 to 39.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @39.70 from a horizontal line in the daily time frame.
SH 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 | UP | POSITIVE | The long term trend for SH is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SH is up. |
| ChartMill Relative Strength | 20.68 | NEGATIVE | SH has a low relative strength, it was outperformed by 79.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SH is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SH is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SH is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.88 | NEUTRAL | The RSI value for SH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests SH has a negative trend. |
| Stochastics (14,3) | 38.49 | NEUTRAL | The Stochastics value for SH is a neutral value. |
| Average True Range in percent/ATR (20) | 1.67 | LOW VOLATILITY | The low ATR as a percentage value for SH suggests low volalility. |
| Average Directional Index/ADX (14) | 38.75 | POSITIVE | The high ADX value value for SH suggests a strong trend. |
SH Chart- and CandleStick Pattern Analysis
SH Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 38.09 | 37.30 | 0.79 (2.07%) | 25.00% |
| An entry @38.09. This is a Buy Stop order right above the 10 day moving average. | An exit @37.30. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.79 points, which is 2.07%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.52%. |
- The distance between exit and entry is rather small compared to the average daily movement of SH. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
SH Technicals: Chart, Performance Metrics, Trend & Indicators
37.63
0 (0%)
PROSHARES SHORT S&P500 / SH TA FAQ
What is the ChartMill technical rating of PROSHARES SHORT S&P500 (SH) stock?
ChartMill assigns a technical rating of 7 / 10 to SH.
What is the current trend direction of PROSHARES SHORT S&P500 (SH) stock?
The current trend direction for PROSHARES SHORT S&P500 (SH) is Bullish.
What is the RSI signal for SH stock?
PROSHARES SHORT S&P500 (SH) has an RSI value of 52.8849. This indicates that the stock is currently neutral.
Can you provide the MACD signal for PROSHARES SHORT S&P500?
The MACD indicator for PROSHARES SHORT S&P500 (SH) has a value of -0.0387969, indicating a bearish trend.
What is the short term momentum for SH stock?
The short term momentum for PROSHARES SHORT S&P500 (SH) is positive.