PROSHARES ULTPRO SHRT MC400 (SMDD) Stock Technical Analysis
USA - NYSEARCA:SMDD - US74349Y5481 - ETF
14.4664 USD
+1.15 (+8.61%)
14.76 USD
+0.29 (+2.03%)
We assign a technical rating of 1 out of 10 to SMDD. SMDD'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.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
79% of all other stocks performed better in the past year than SMDD.
SMDD is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
Warning: SMDD has an average volume of 7175 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month SMDD has a been trading in the 12.67 - 14.47 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of SMDD is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
12.56
14.61
When analyzing the support we notice one important area.
- A support zone ranging from 12.69 to 12.69. This zone is formed by a combination of multiple trend lines in the daily 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 SMDD is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SMDD is neutral. |
| ChartMill Relative Strength | 21.83 | NEGATIVE | SMDD has a low relative strength, it was outperformed by 78.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SMDD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SMDD is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SMDD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 64.06 | NEUTRAL | The RSI value for SMDD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests SMDD has a positive trend. |
| Stochastics (14,3) | 59.57 | NEUTRAL | The Stochastics value for SMDD is a neutral value. |
| Average True Range in percent/ATR (20) | 2.89 | MEDIUM VOLATILITY | The ATR as a percentage value for SMDD suggests some volalility. |
| Average Directional Index/ADX (14) | 23.38 | NEUTRAL | The ADX value for SMDD suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
14.4664
+1.15 (+8.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg8.61%
1 Week11.89%
2 Weeks10.05%
1 Month10.52%
3 Month-0.67%
6 Month-39.16%
12 Month-18.36%
2 Year-68.13%
3 Year-69.3%
5 Year-92.32%
10 Year-99.3%
15 Year-99.96%
Volatility
ATR(14)0.43
ATR(20)%2.89%
ATR Inc131.13%
Range Today1.17
ADR(20)0.36
ADR(20)%2.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.83
Mansfield-2.24
10 Day High14.47
10 Day Low12.67
20 Day High14.47
20 Day Low12.67
52 Week High32
52 Week Low12.67
CS1 End12.69
CR1 StartN/A
Volume & EV
DER(3)2.99%
DER(5)2.07%
Volume13.38K
Volume Incr31.57%
Vol(5)9.96K
Vol(50)7.18K