PROSHARES SHORT HIGH YIELD (SJB) Stock Technical Analysis
NYSEARCA:SJB - NYSE Arca - US74347R1317 - ETF - Currency: USD
Overall SJB gets a technical rating of 1 out of 10. SJB'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, SJB does present a nice setup opportunity. 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 15.71. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 15.64, a Stop Loss order could be placed below this zone.
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15.37
When analyzing the support we notice one important area.
- A support zone ranging from 15.53 to 15.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 15.71 to 16.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 SJB is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SJB is down. |
| ChartMill Relative Strength | 24.69 | NEGATIVE | SJB has a low relative strength, it was outperformed by 75.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SJB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SJB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SJB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.2 | NEUTRAL | The RSI value for SJB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests SJB has a positive trend. |
| Stochastics (14,3) | 53.69 | NEUTRAL | The Stochastics value for SJB is a neutral value. |
| Average True Range in percent/ATR (20) | 0.27 | LOW VOLATILITY | The low ATR as a percentage value for SJB suggests low volalility. |
| Average Directional Index/ADX (14) | 32.45 | POSITIVE | The high ADX value value for SJB suggests a strong trend. |
15.65
+0.01 (+0.06%)