PROSHARES ULTRAPRO SHRT R2K (SRTY) Stock Technical Analysis
USA - NYSEARCA:SRTY - US74347G3902 - ETF
12.37 USD
+1.04 (+9.18%)
12.59 USD
+0.22 (+1.78%)
We assign a technical rating of 0 out of 10 to SRTY. 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.
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.
92% of all other stocks performed better in the past year than SRTY.
SRTY 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.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
SRTY has an average volume of 7352820 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month SRTY has a been trading in the 10.88 - 12.73 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of SRTY 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
12.25
14.57
3 important resistance areas can be observed.
- A resistance zone ranging from 12.38 to 12.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 13.18 to 13.29. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @14.43 from a trend 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 | DOWN | NEGATIVE | The long term trend for SRTY is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SRTY is neutral. |
| ChartMill Relative Strength | 8 | NEGATIVE | SRTY has a low relative strength, it was outperformed by 92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SRTY is above 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) | 53.01 | 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) | 47.81 | NEUTRAL | The Stochastics value for SRTY is a neutral value. |
| Average True Range in percent/ATR (20) | 4.28 | MEDIUM VOLATILITY | The ATR as a percentage value for SRTY suggests some volalility. |
| Average Directional Index/ADX (14) | 27.98 | POSITIVE | The high ADX value value for SRTY suggests a strong 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)
12.37
+1.04 (+9.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg9.18%
1 Week10.15%
2 Weeks4.48%
1 Month-1.51%
3 Month-21.71%
6 Month-56.44%
12 Month-37.81%
2 Year-78.82%
3 Year-75.16%
5 Year-93.69%
10 Year-99.57%
15 Year-99.98%
Volatility
ATR(14)0.5
ATR(20)%4.28%
ATR Inc93.44%
Range Today1.29
ADR(20)0.5
ADR(20)%4.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8
Mansfield-3.89
10 Day High12.39
10 Day Low10.88
20 Day High12.73
20 Day Low10.88
52 Week High37.27
52 Week Low10.88
CS1 EndN/A
CR1 Start12.38
Volume & EV
DER(3)2.41%
DER(5)3.79%
Volume21.55M
Volume Incr62.85%
Vol(5)13.32M
Vol(50)7.35M