PROSHARES SHORT HIGH YIELD (SJB)       18.41  +0.05 (+0.27%)

18.41  +0.05 (+0.27%)

US74347R1317 - ETF

Technical Rating

1

Overall SJB gets a technical rating of 1 out of 10. SJB has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.



When comparing the performance of all stocks over the past year, SJB turns out to be only a medium performer in the overall market: it outperformed 51% of all stocks.
In the last month SJB has a been trading in a tight range between 18.17 and 19.23.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
SJB is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.

Statistics

1 Month 3 Months 6 Months 12 Months -4.36% -3.36% -0.27% 3.02% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 51.73 17.72 - 20.21
SJB Weekly chart
SJB Daily chart

Support/Resistance Analysis


17.21

20.28
When analyzing the support we can see 2 important areas.
  • A support zone ranging from 18.30 to 18.37. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • A support zone ranging from 17.38 to 17.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
  • A resistance zone ranging from 18.52 to 18.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 19.34 to 20.08. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

8

SJB has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 18.52. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 18.37, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SJB 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.

SJB Daily chart

PROSHARES SHORT HIGH YIELD18.41

NYSEARCA:SJB (1/27/2023, 7:04:00 PM)+0.05 (+0.27%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector N/A
GICS Industry N/A

Performance
Today 0.27% 1 Week N/A
2 Weeks 0.77% 1 Month -4.36%
3 Month -3.36% 6 Month -0.27%

Volatility
ATR(14) 0.11 ATR(20)% 0.72%
ATR Inc -34.04% Range Today 0.08

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 51.73 Mansfield -0.32
10 Day High 18.5 10 Day Low 18.17
20 Day High 19.23 20 Day Low 18.17
52 Week High 20.21 52 Week Low 17.72
CS1 End 18.37 CR1 Start 18.52

Volume & EV
DER(3) 5.21% DER(5) 1.55%
Volume 205.60K Volume Incr -38.04%
Vol(5) 430.70K Vol(50) 570.99K

Technical Stock Screener Links

Screen Image

Technical Stock Screener

Find stocks with similar TA and Setup ratings on the USA