PROSHARES ULTSHRT SEMICONDUC (SSG) Stock Technical Analysis
USA - NYSEARCA:SSG - US74349Y7792 - ETF
We assign a technical rating of 2 out of 10 to SSG. In the past year, SSG was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
The technical rating of SSG 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
35.47
We found 1 important resistance area.
- A resistance zone ranging from 35.84 to 35.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The short term trend for SSG is up. |
| ChartMill Relative Strength | 7.05 | NEGATIVE | SSG has a low relative strength, it was outperformed by 92.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SSG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SSG is above 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) | 57.88 | NEUTRAL | The RSI value for SSG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.81 | POSITIVE | The MACD value suggests SSG has a positive trend. |
| Stochastics (14,3) | 82.52 | OVERBOUGHT | The high Stochastics value suggests SSG may be overbought. |
| Average True Range in percent/ATR (20) | 6.73 | HIGH VOLATILITY | The high ATR as a percentage value for SSG suggests high volalility. |
| Average Directional Index/ADX (14) | 15.22 | NEGATIVE | The low ADX value for SSG suggests a weak or negative trend. |
35.83
+0.11 (+0.31%)
PROSHARES ULTSHRT SEMICONDUC / SSG FAQ
What is the ChartMill technical rating of PROSHARES ULTSHRT SEMICONDUC (SSG) stock?
ChartMill assigns a technical rating of 2 / 10 to SSG.
What is the current trend direction of PROSHARES ULTSHRT SEMICONDUC (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 57.8802. This indicates that the stock is currently neutral.
Can you provide the short term momentum for PROSHARES ULTSHRT SEMICONDUC?
The short term momentum for PROSHARES ULTSHRT SEMICONDUC (SSG) is positive.
What are the support and resistance levels for PROSHARES ULTSHRT SEMICONDUC (SSG) stock?
PROSHARES ULTSHRT SEMICONDUC (SSG) has a resistance level at 35.84. Check the full technical report for our detailed analysis of SSG support and resistance levels.