PROSHARES SHORT HIGH YIELD (SJB) Technical Analysis
NYSEARCA:SJB • US74347R1317
Current stock price
SJB Technical Rating and Analysis
Taking everything into account, SJB scores 6 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, SJB is a bad performer.
- 62% of all other stocks performed better in the past year than SJB.
- SJB 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 SJB is lagging the market.
- Both the short term and long term trends are positive. This is a very positive sign.
- In the last month SJB has a been trading in a tight range between 15.26 and 15.67.
- Volume is considerably higher in the last couple of days.
SJB Weekly and Daily overview Charts
SJB Setup Rating and Analysis
Although the technical rating is only medium, SJB does present a nice setup opportunity. 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 support zone below the current price at 15.46, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
SJB Support and Resistance Analysis
15.05
We found 1 important support area.
- A support zone ranging from 15.20 to 15.46. 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 2 important areas.
- A resistance zone ranging from 15.55 to 15.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong resistance @15.97 from a horizontal line in the daily time frame.
SJB 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 SJB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SJB is up. |
| ChartMill Relative Strength | 38.12 | NEUTRAL | SJB is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of SJB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SJB is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.29 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 67.48 | NEUTRAL | The Stochastics value for SJB is a neutral value. |
| Average True Range in percent/ATR (20) | 0.58 | LOW VOLATILITY | The low ATR as a percentage value for SJB suggests low volalility. |
| Average Directional Index/ADX (14) | 45.92 | POSITIVE | The high ADX value value for SJB suggests a strong trend. |
SJB Chart- and CandleStick Pattern Analysis
SJB 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 |
|---|---|---|---|
| 15.66 | 15.46 | 0.20 (1.28%) | 25.00% |
| An entry @15.66. This is a Buy Stop order right above the resistance zone. | An exit @15.46. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.20 points, which is 1.28%. | For a 0.32% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
SJB Technicals: Chart, Performance Metrics, Trend & Indicators
15.52
-0.09 (-0.54%)
PROSHARES SHORT HIGH YIELD / SJB TA FAQ
Can you provide the ChartMill technical rating for PROSHARES SHORT HIGH YIELD?
ChartMill assigns a technical rating of 6 / 10 to SJB.
What is the current trend direction of PROSHARES SHORT HIGH YIELD (SJB) stock?
The current trend direction for PROSHARES SHORT HIGH YIELD (SJB) is Bullish.
What is the RSI signal for PROSHARES SHORT HIGH YIELD (SJB) stock?
PROSHARES SHORT HIGH YIELD (SJB) has an RSI value of 55.2904. This indicates that the stock is currently neutral.
Can you provide the MACD signal for PROSHARES SHORT HIGH YIELD?
The MACD indicator for PROSHARES SHORT HIGH YIELD (SJB) has a value of 0.0051581, indicating a bearish trend.
Can you provide the support and resistance levels for PROSHARES SHORT HIGH YIELD?
PROSHARES SHORT HIGH YIELD (SJB) has a support level at 15.46 and a resistance level at 15.55. Check the full technical report for our detailed analysis of SJB support and resistance levels.