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.
Although the technical rating is bad, SH does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 36.27, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
35.61
We found 1 important support area.
- A support zone ranging from 35.97 to 36.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 36.54 to 37.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 37.66 to 38.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @38.97 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The short term trend for SH is neutral. |
| ChartMill Relative Strength | 24.22 | NEGATIVE | SH has a low relative strength, it was outperformed by 75.78% 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) | 47.37 | NEUTRAL | The RSI value for SH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests SH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70 | NEUTRAL | The Stochastics value for SH is a neutral value. |
| Average True Range in percent/ATR (20) | 1.03 | LOW VOLATILITY | The low ATR as a percentage value for SH suggests low volalility. |
| Average Directional Index/ADX (14) | 12.56 | NEGATIVE | The low ADX value for SH suggests a weak or negative trend. |
36.51
-0.31 (-0.84%)
PROSHARES SHORT S&P500 / SH FAQ
What is the ChartMill technical rating of PROSHARES SHORT S&P500 (SH) stock?
ChartMill assigns a technical rating of 0 / 10 to SH.
What is the trend direction for SH stock?
The current trend direction for PROSHARES SHORT S&P500 (SH) is Bearish.
Can you provide the RSI signal for PROSHARES SHORT S&P500?
PROSHARES SHORT S&P500 (SH) has an RSI value of 47.3707. This indicates that the stock is currently neutral.
What are the support and resistance levels for PROSHARES SHORT S&P500 (SH) stock?
PROSHARES SHORT S&P500 (SH) has a support level at 36.27 and a resistance level at 36.54. Check the full technical report for our detailed analysis of SH support and resistance levels.