We assign a technical rating of 0 out of 10 to SSG. SSG'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.
SSG has a poor technical rating and the quality of the setup is also not perfect 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
28.73
When analyzing the support we notice one important area.
- Support @29.02 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 30.63 to 31.34. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @32.13 from a trend line in the daily time frame.
- Resistance @34.38 from a trend line in the daily time frame.
- Resistance @35.72 from a horizontal line in the daily time frame.
- Resistance @37.08 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 | DOWN | NEGATIVE | The long term trend for SSG is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SSG is down. |
| ChartMill Relative Strength | 5.93 | NEGATIVE | SSG has a low relative strength, it was outperformed by 94.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SSG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SSG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SSG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.88 | NEUTRAL | The RSI value for SSG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests SSG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17.33 | OVERSOLD | The low Stochastics value suggests SSG may be oversold. |
| Average True Range in percent/ATR (20) | 5.29 | HIGH VOLATILITY | The high ATR as a percentage value for SSG suggests high volalility. |
| Average Directional Index/ADX (14) | 10.79 | NEGATIVE | The low ADX value for SSG suggests a weak or negative trend. |
29.03
-0.94 (-3.13%)
PROSHARES ULTSHRT SEMICONDUC / SSG FAQ
What is the ChartMill technical rating of PROSHARES ULTSHRT SEMICONDUC (SSG) stock?
ChartMill assigns a technical rating of 0 / 10 to SSG.
What is the trend direction for SSG stock?
The current trend direction for PROSHARES ULTSHRT SEMICONDUC (SSG) is Bearish.
What is the RSI signal for PROSHARES ULTSHRT SEMICONDUC (SSG) stock?
PROSHARES ULTSHRT SEMICONDUC (SSG) has an RSI value of 41.8753. This indicates that the stock is currently neutral.
What is the MACD signal for PROSHARES ULTSHRT SEMICONDUC (SSG) stock?
The MACD indicator for PROSHARES ULTSHRT SEMICONDUC (SSG) has a value of -0.149488, indicating a bearish trend.
What is the buy/sell signal for SSG stock?
The buy/sell signal for PROSHARES ULTSHRT SEMICONDUC (SSG) is sell as both the short term and long term trends are negative.