We assign a technical rating of 0 out of 10 to ZSL. ZSL 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.
- 100% of all other stocks performed better in the past year than ZSL.
- ZSL is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- ZSL has an average volume of 177136000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month ZSL has a been trading in the 1.44 - 4.17 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ZSL has a poor technical rating and the quality of the setup is also not perfect 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
2.59
When analyzing the resistance we notice 2 important areas.
- Resistance @2.93 from a horizontal line in the daily time frame.
- Resistance @3.56 from a trend 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 ZSL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ZSL is down. |
| ChartMill Relative Strength | 0.6 | NEGATIVE | ZSL has a low relative strength, it was outperformed by 99.4% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ZSL is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ZSL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ZSL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.34 | NEUTRAL | The RSI value for ZSL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests ZSL has a positive trend. |
| Stochastics (14,3) | 64.95 | NEUTRAL | The Stochastics value for ZSL is a neutral value. |
| Average True Range in percent/ATR (20) | 18.1 | HIGH VOLATILITY | The high ATR as a percentage value for ZSL suggests high volalility. |
| Average Directional Index/ADX (14) | 44.36 | POSITIVE | The high ADX value value for ZSL suggests a strong trend. |
2.62
-0.3 (-10.27%)
PROSHARES ULTRASHORT SILVER / ZSL FAQ
What is the technical rating for ZSL stock?
ChartMill assigns a technical rating of 0 / 10 to ZSL.
What is the trend direction for ZSL stock?
The current trend direction for PROSHARES ULTRASHORT SILVER (ZSL) is Bearish.
What is the RSI signal for ZSL stock?
PROSHARES ULTRASHORT SILVER (ZSL) has an RSI value of 41.3435. This indicates that the stock is currently neutral.
What is the short term momentum for ZSL stock?
The short term momentum for PROSHARES ULTRASHORT SILVER (ZSL) is negative.
What are the support and resistance levels for PROSHARES ULTRASHORT SILVER (ZSL) stock?
PROSHARES ULTRASHORT SILVER (ZSL) has a resistance level at 2.93. Check the full technical report for our detailed analysis of ZSL support and resistance levels.