PROSHARES ULTSHRT FINANCIALS (SKF) Technical Analysis
NYSEARCA:SKF • US74347G1500
Current stock price
SKF Technical Rating and Analysis
Taking everything into account, SKF scores 7 out of 10 in our technical rating. Although SKF is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- In the last month SKF has a been trading in the 29.79 - 33.06 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- When comparing the performance of all stocks over the past year, SKF turns out to be only a medium performer in the overall market: it outperformed 49% of all stocks.
- SKF is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SKF is lagging the market slightly.
SKF Weekly and Daily overview Charts
SKF Setup Rating and Analysis
Although SKF has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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SKF Support and Resistance Analysis
26.99
We found 1 important support area.
- Support @27.26 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 29.20 to 29.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 30.25 to 30.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 32.92 to 32.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
SKF 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 SKF is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SKF is neutral. |
| ChartMill Relative Strength | 49.09 | NEUTRAL | SKF is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SKF is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SKF is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SKF is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.2 | NEUTRAL | The RSI value for SKF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.3 | NEGATIVE | The MACD value suggests SKF has a negative trend. |
| Stochastics (14,3) | 7.44 | OVERSOLD | The low Stochastics value suggests SKF may be oversold. |
| Average True Range in percent/ATR (20) | 3.31 | MEDIUM VOLATILITY | The ATR as a percentage value for SKF suggests some volalility. |
| Average Directional Index/ADX (14) | 28.87 | POSITIVE | The high ADX value value for SKF suggests a strong trend. |
SKF Chart- and CandleStick Pattern Analysis
SKF Technicals: Chart, Performance Metrics, Trend & Indicators
NYSEARCA:SKF (4/8/2026, 9:38:05 AM)
28.5
-1.77 (-5.85%)
PROSHARES ULTSHRT FINANCIALS / SKF TA FAQ
What is the ChartMill technical rating of PROSHARES ULTSHRT FINANCIALS (SKF) stock?
ChartMill assigns a technical rating of 7 / 10 to SKF.
Can you provide the trend direction for PROSHARES ULTSHRT FINANCIALS?
The current trend direction for PROSHARES ULTSHRT FINANCIALS (SKF) is Bullish.
What is the RSI signal for SKF stock?
PROSHARES ULTSHRT FINANCIALS (SKF) has an RSI value of 48.2021. This indicates that the stock is currently neutral.
What is the short term momentum for SKF stock?
The short term momentum for PROSHARES ULTSHRT FINANCIALS (SKF) is neutral.
Can you provide the support and resistance levels for PROSHARES ULTSHRT FINANCIALS?
PROSHARES ULTSHRT FINANCIALS (SKF) has a support level at 30.26 and a resistance level at 32.92. Check the full technical report for our detailed analysis of SKF support and resistance levels.