PROSHARES ULTRASHORT RE (SRS) Stock Technical Analysis
USA - NYSEARCA:SRS - US74347G1435 - ETF
46.25 USD
-0.58 (-1.24%)
46.1 USD
-0.15 (-0.32%)
Taking everything into account, SRS scores 1 out of 10 in our technical rating. SRS 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.
SRS is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month SRS has a been trading in the 45.50 - 49.45 range, which is quite wide. It is currently trading near the lows of this range.
Warning: SRS has an average volume of 13781 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
When compared to the yearly performance of all other stocks, SRS outperforms 46% of them, which is more or less in line with the market.
Volume is considerably higher in the last couple of days.
The technical rating of SRS is bad and it also does not present a quality setup 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.
More info and screens
43.13
50.91
When analyzing the support we can see 2 important areas.
- Strong support @45.81 from a horizontal line in the daily time frame.
- A support zone ranging from 43.57 to 44.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 47.03 to 47.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 48.83 to 49.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @50.41 from a horizontal line 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 | NEUTRAL | NEUTRAL | The long term trend for SRS is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SRS is down. |
| ChartMill Relative Strength | 46.64 | NEUTRAL | SRS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SRS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SRS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SRS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.22 | NEUTRAL | The RSI value for SRS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests SRS has a negative trend. |
| Stochastics (14,3) | 25.66 | NEUTRAL | The Stochastics value for SRS is a neutral value. |
| Average True Range in percent/ATR (20) | 1.86 | LOW VOLATILITY | The low ATR as a percentage value for SRS suggests low volalility. |
| Average Directional Index/ADX (14) | 13.88 | NEGATIVE | The low ADX value for SRS suggests a weak or negative 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)
46.25
-0.58 (-1.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.24%
1 Week-6.24%
2 Weeks0.52%
1 Month-2.57%
3 Month-1.64%
6 Month-8.99%
12 Month4.26%
2 Year-46.86%
3 Year-39.65%
5 Year-62.7%
10 Year-87.55%
15 Year-92.66%
Volatility
ATR(14)0.93
ATR(20)%1.86%
ATR Inc-3.19%
Range Today0.98
ADR(20)0.77
ADR(20)%1.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS46.64
Mansfield-1.43
10 Day High49.45
10 Day Low45.99
20 Day High49.45
20 Day Low45.5
52 Week High65.44
52 Week Low43.15
CS1 End45.81
CR1 Start47.03
Volume & EV
DER(3)-3.29%
DER(5)-2.51%
Volume46.40K
Volume Incr152.29%
Vol(5)29.14K
Vol(50)13.78K