PROSHARES ULTSHRT SEMICONDUC (SSG) Stock Technical Analysis
NYSEARCA:SSG - NYSE Arca - US74349Y7792 - ETF - Currency: USD
Taking everything into account, SSG scores 0 out of 10 in our technical rating. SSG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, SSG is a bad performer in the overall market: 91% of all stocks are doing better.
SSG is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so SSG is lagging the market.
In the last month SSG has a been trading in the 17.38 - 28.99 range, which is quite wide. It is currently trading near the lows of this range.
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
18.94
27.79
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 19.14 to 19.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 27.46 to 27.51. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The short term trend for SSG is down. |
| ChartMill Relative Strength | 9.23 | NEGATIVE | SSG has a low relative strength, it was outperformed by 90.77% 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) | 35.19 | NEUTRAL | The RSI value for SSG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests SSG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17.42 | OVERSOLD | The low Stochastics value suggests SSG may be oversold. |
| Average True Range in percent/ATR (20) | 7.09 | HIGH VOLATILITY | The high ATR as a percentage value for SSG suggests high volalility. |
| Average Directional Index/ADX (14) | 21.47 | NEUTRAL | The ADX value for SSG suggests a possible start of a new 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)
19.13
+0.41 (+2.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2.19%
1 Week6.81%
2 Weeks-17.83%
1 Month-25.51%
3 Month-20.65%
6 Month-31.99%
12 Month-59.54%
2 Year-91.49%
3 Year-96.58%
5 Year-99.4%
10 Year-99.97%
15 Year-100%
Volatility
ATR(14)1.23
ATR(20)%7.09%
ATR Inc-45.1%
Range Today0.8
ADR(20)1.11
ADR(20)%5.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.23
Mansfield-4
10 Day High21.4
10 Day Low17.38
20 Day High28.99
20 Day Low17.38
52 Week High59.8
52 Week Low17.38
CS1 EndN/A
CR1 Start19.14
Volume & EV
DER(3)-3.38%
DER(5)-4.94%
Volume158.50K
Volume Incr-19%
Vol(5)104.56K
Vol(50)121.20K