PROSHARES SHORT VIX ST FUTUR (SVXY) Stock Technical Analysis
NYSEARCA:SVXY - NYSE Arca - US74347W1302 - ETF - Currency: USD
We assign a technical rating of 2 out of 10 to SVXY. Recently some decent action could be observed, but in the medium term time frame this is still negative. SVXY was also a bad performer in the overall market in the last year.
87% of all other stocks performed better in the past year than SVXY.
In the last month SVXY has a been trading in the 38.63 - 42.56 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
SVXY has an average volume of 2871640 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
SVXY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SVXY is lagging the market.
SVXY has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 41.77. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 41.36, a Stop Loss order could be placed below this zone.
More info and screens
38.43
54.32
When analyzing the support we can see 2 important areas.
- A support zone ranging from 40.95 to 41.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 38.82 to 39.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 41.77 to 41.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @50.00 from a trend line in the daily time frame.
- Resistance @52.70 from a horizontal line in the daily time frame.
- Resistance @53.78 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 SVXY is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SVXY is up. |
| ChartMill Relative Strength | 13.35 | NEGATIVE | SVXY has a low relative strength, it was outperformed by 86.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SVXY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SVXY is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SVXY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.27 | NEUTRAL | The RSI value for SVXY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests SVXY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.7 | OVERBOUGHT | The high Stochastics value suggests SVXY may be overbought. |
| Average True Range in percent/ATR (20) | 2.02 | MEDIUM VOLATILITY | The ATR as a percentage value for SVXY suggests some volalility. |
| Average Directional Index/ADX (14) | 13.47 | NEGATIVE | The low ADX value for SVXY 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)
41.76
-0.19 (-0.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.45%
1 Week1.41%
2 Weeks2.83%
1 Month0.68%
3 Month-9.22%
6 Month-21.64%
12 Month-30.93%
2 Year-1.37%
3 Year73.24%
5 Year165.14%
10 Year-47.18%
15 YearN/A
Volatility
ATR(14)0.85
ATR(20)%2.02%
ATR Inc-22.04%
Range Today1.1
ADR(20)0.73
ADR(20)%1.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.35
Mansfield-1.87
10 Day High42.57
10 Day Low39.66
20 Day High42.57
20 Day Low38.63
52 Week High64.22
52 Week Low32.05
CS1 End41.36
CR1 Start41.77
Volume & EV
DER(3)2.58%
DER(5)1.25%
Volume1.80M
Volume Incr-21.72%
Vol(5)1.28M
Vol(50)2.87M