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 scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
92% of all other stocks performed better in the past year than SRTY.
SRTY 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 SRTY has a been trading in the 17.40 - 21.01 range, which is quite wide. It is currently trading near the lows of this range.
SRTY has an average volume of 2303440 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although the technical rating is bad, SRTY does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
17.46
33.06
We found 2 important support areas.
- Support @18.04 from a horizontal line in the weekly time frame.
- Support @17.64 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 19.20 to 19.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @27.30 from a trend line in the weekly time frame.
- Resistance @31.49 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 | 8.83 | NEGATIVE | SRTY has a low relative strength, it was outperformed by 91.17% 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) | 40.55 | NEUTRAL | The RSI value for SRTY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests SRTY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 23.59 | NEUTRAL | The Stochastics value for SRTY is a neutral value. |
| Average True Range in percent/ATR (20) | 4.49 | MEDIUM VOLATILITY | The ATR as a percentage value for SRTY suggests some volalility. |
| Average Directional Index/ADX (14) | 14.51 | NEGATIVE | The low ADX value for SRTY 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)
18.05
+0.41 (+2.32%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2.32%
1 Week-5.74%
2 Weeks1.58%
1 Month-7.58%
3 Month-25.87%
6 Month-1.96%
12 Month-35.05%
2 Year-55.43%
3 Year-75.03%
5 Year-93.29%
10 Year-99.28%
15 Year-99.98%
Volatility
ATR(14)0.81
ATR(20)%4.49%
ATR Inc-8.68%
Range Today0.69
ADR(20)0.71
ADR(20)%3.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.83
Mansfield-1.85
10 Day High19.66
10 Day Low17.4
20 Day High21.01
20 Day Low17.4
52 Week High37.27
52 Week Low14.26
CS1 End18.04
CR1 Start19.2
Volume & EV
DER(3)1.06%
DER(5)2.86%
Volume1.15M
Volume Incr-7.19%
Vol(5)2.31M
Vol(50)2.30M