PROSHARES ULTRAPRO SHRT R2K (SRTY) Stock Technical Analysis
NYSEARCA:SRTY - NYSE Arca - US74347G3902 - ETF - Currency: USD
Taking everything into account, SRTY scores 0 out of 10 in our technical rating. SRTY'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, SRTY does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 20.97. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 19.24, a Stop Loss order could be placed below this zone.
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18.80
When analyzing the support we notice one important area.
- A support zone ranging from 18.99 to 19.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 20.97 to 21.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @28.85 from a trend line in the weekly time frame.
- Resistance @31.64 from a trend line in the weekly time frame.
- Resistance @32.73 from a horizontal line in the weekly 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 SRTY is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SRTY is down. |
| ChartMill Relative Strength | 22.83 | NEGATIVE | SRTY has a low relative strength, it was outperformed by 77.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SRTY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SRTY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SRTY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.5 | NEUTRAL | The RSI value for SRTY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests SRTY has a positive trend. |
| Stochastics (14,3) | 30.85 | NEUTRAL | The Stochastics value for SRTY is a neutral value. |
| Average True Range in percent/ATR (20) | 5.8 | HIGH VOLATILITY | The high ATR as a percentage value for SRTY suggests high volalility. |
| Average Directional Index/ADX (14) | 22 | NEUTRAL | The ADX value for SRTY suggests a possible start of a new trend. |
NYSEARCA:SRTY (5/29/2025, 12:10:09 PM)
20.3
+0.15 (+0.74%)