PROSHARES ULTRASHORT SILVER (ZSL) Technical Analysis
NYSEARCA:ZSL • US74347Y6721
Current stock price
ZSL Technical Rating and Analysis
Overall ZSL gets a technical rating of 0 out of 10. ZSL'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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 96% 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.
- In the last month ZSL has a been trading in the 17.96 - 26.06 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- ZSL has an average volume of 22828600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
ZSL Weekly and Daily overview Charts
ZSL Setup Rating and Analysis
The technical rating of ZSL 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
ZSL Support and Resistance Analysis
18.63
When analyzing the support we can see 2 important areas.
- Support @19.67 from a trend line in the daily time frame.
- A support zone ranging from 18.82 to 18.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 21.53 to 21.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @24.00 from a horizontal line in the daily time frame.
- Resistance @29.20 from a horizontal line in the daily time frame.
ZSL Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The short term trend for ZSL is neutral. |
| ChartMill Relative Strength | 4.17 | NEGATIVE | ZSL has a low relative strength, it was outperformed by 95.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ZSL is below 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) | 47.57 | NEUTRAL | The RSI value for ZSL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.25 | POSITIVE | The MACD value suggests ZSL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.36 | NEUTRAL | The Stochastics value for ZSL is a neutral value. |
| Average True Range in percent/ATR (20) | 7.21 | HIGH VOLATILITY | The high ATR as a percentage value for ZSL suggests high volalility. |
| Average Directional Index/ADX (14) | 11.61 | NEGATIVE | The low ADX value for ZSL suggests a weak or negative trend. |
ZSL Chart- and CandleStick Pattern Analysis
ZSL Technicals: Chart, Performance Metrics, Trend & Indicators
21.52
-1.15 (-5.07%)
PROSHARES ULTRASHORT SILVER / ZSL TA 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 PROSHARES ULTRASHORT SILVER (ZSL) stock?
PROSHARES ULTRASHORT SILVER (ZSL) has an RSI value of 47.5669. This indicates that the stock is currently neutral.
What is the MACD signal for PROSHARES ULTRASHORT SILVER (ZSL) stock?
The MACD indicator for PROSHARES ULTRASHORT SILVER (ZSL) has a value of 0.245674, indicating a bearish trend.
What is the short term momentum for ZSL stock?
The short term momentum for PROSHARES ULTRASHORT SILVER (ZSL) is neutral.