PowerShares DB Crude Oil Short ETN (SZO) Stock Technical Analysis
NYSEARCA:SZO - NYSE Arca -
We assign a technical rating of 0 out of 10 to SZO. SZO'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.
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, SZO is a bad performer in the overall market: 93% of all stocks are doing better.
SZO is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month SZO has a been trading in the 55.69 - 73.94 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Warning: SZO has an average volume of 214 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The technical rating of SZO is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
55.13
79.46
We can see 3 important resistance areas.
- A resistance zone ranging from 65.33 to 65.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @71.56 from a trend line in the daily time frame.
- Resistance @78.67 from a trend line in the weekly 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 SZO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SZO is down. |
| ChartMill Relative Strength | 7.56 | NEGATIVE | SZO has a low relative strength, it was outperformed by 92.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SZO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SZO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SZO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 21.4 | OVERSOLD | The low RSI value suggests SZO may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.97 | NEGATIVE | The MACD value suggests SZO has a negative trend. |
| Stochastics (14,3) | 1.83 | OVERSOLD | The low Stochastics value suggests SZO may be oversold. |
| Average True Range in percent/ATR (20) | 2.45 | MEDIUM VOLATILITY | The ATR as a percentage value for SZO suggests some volalility. |
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)
PowerShares DB Crude Oil Short ETN
NYSEARCA:SZO (4/12/2019, 8:22:02 PM)
55.69
-4.37 (-7.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-7.28%
1 Week-17.14%
2 Weeks-18.41%
1 Month-16.45%
3 Month-29.08%
6 Month-7.2%
12 Month-27.34%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.62
ATR(20)%2.45%
ATR Inc94.59%
Range Today1.81
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.56
Mansfield-1.89
10 Day High67.21
10 Day Low55.69
20 Day High73.94
20 Day Low55.69
52 Week High86.7
52 Week Low44.71
CS1 EndN/A
CR1 Start65.33
Volume & EV
DER(3)-13.33%
DER(5)-8%
Volume500
Volume Incr7.32%
Vol(5)220
Vol(50)214