PROSHARES ULTSHRT SEMICONDUC (SSG) Stock Technical Analysis
USA - NYSEARCA:SSG - US74349Y7792 - ETF
8.35 USD
-0.19 (-2.22%)
8.36 USD
+0.01 (+0.12%)
We assign a technical rating of 0 out of 10 to SSG. 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: 98% of all stocks are doing better.
SSG is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month SSG has a been trading in the 8.22 - 10.69 range, which is quite wide. It is currently trading near the lows of this range.
Considerably lower volume is observed in the last couple of days.
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
8.27
11.71
We can see 3 important resistance areas.
- Resistance @8.72 from a trend line in the daily time frame.
- A resistance zone ranging from 10.99 to 11.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @11.59 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 | 2.55 | NEGATIVE | SSG has a low relative strength, it was outperformed by 97.45% 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) | 27.09 | OVERSOLD | The low RSI value suggests SSG may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests SSG has a negative trend. |
| Stochastics (14,3) | 10.57 | OVERSOLD | The low Stochastics value suggests SSG may be oversold. |
| Average True Range in percent/ATR (20) | 4.8 | MEDIUM VOLATILITY | The ATR as a percentage value for SSG suggests some volalility. |
| Average Directional Index/ADX (14) | 20.56 | 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)
8.35
-0.19 (-2.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.22%
1 Week-5.11%
2 Weeks-14.53%
1 Month-16.33%
3 Month-31.73%
6 Month-70.38%
12 Month-70.49%
2 Year-96.1%
3 Year-98.91%
5 Year-99.61%
10 Year-99.99%
15 Year-100%
Volatility
ATR(14)0.41
ATR(20)%4.8%
ATR Inc-3.19%
Range Today0.24
ADR(20)0.36
ADR(20)%4.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.55
Mansfield-6.56
10 Day High9.97
10 Day Low8.22
20 Day High10.69
20 Day Low8.22
52 Week High49.57
52 Week Low8.22
CS1 EndN/A
CR1 Start8.72
Volume & EV
DER(3)-0.16%
DER(5)4.4%
Volume218.40K
Volume Incr-39.45%
Vol(5)168.84K
Vol(50)276.22K