Technical Analysis for SBB - ProShares Short SmallCap600
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| F | 16.19 | -0.87% | -0.14 |
SBB closed down 0.87 percent on Friday, May 3, 2024, on 75 percent of normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Down | Flat | Down |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Fell Below 50 DMA | Bearish | 0.00% | |
| Narrow Range Bar | Range Contraction | 0.00% | |
| Stochastic Reached Oversold | Weakness | 0.00% | |
| Down 3 Days in a Row | Weakness | 0.00% | |
| Gapped Down | Weakness | 0.00% | |
| Oversold Stochastic | Weakness | 0.00% | |
| Fell Below 20 DMA | Bearish | -0.87% | |
| NR7 | Range Contraction | -0.87% | |
| Narrow Range Bar | Range Contraction | -0.87% | |
| Gapped Down | Weakness | -0.87% |
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Basic chart:
The investment seeks daily investment results that correspond to the inverse (-1x) of the daily performance of the S&P SmallCap 600®.
The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as the inverse (-1x) of the daily return of the index. The index is a measure of small-cap company U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 600 U.S. operating companies selected through a process that factors in criteria such as liquidity, price, market capitalization, financial viability and public float. The fund is non-diversified.
Keywords: Exchange Traded Fund ETF S&P 500 Index CBOE Inverse ETF Bear Market ETF Capitalization Weighted Index S&P 500 Index S&P 600
Classification
Keywords: Exchange Traded Fund ETF S&P 500 Index CBOE Inverse ETF Bear Market ETF Capitalization Weighted Index S&P 500 Index S&P 600
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 19.647 |
| 52 Week Low | 15.5239 |
| Average Volume | 4,893 |
| 200-Day Moving Average | 17.00 |
| 50-Day Moving Average | 16.22 |
| 20-Day Moving Average | 16.47 |
| 10-Day Moving Average | 16.43 |
| Average True Range | 0.22 |
| RSI (14) | 45.05 |
| ADX | 11.69 |
| +DI | 26.43 |
| -DI | 34.03 |
| Chandelier Exit (Long, 3 ATRs) | 16.33 |
| Chandelier Exit (Short, 3 ATRs) | 16.45 |
| Upper Bollinger Bands | 17.03 |
| Lower Bollinger Band | 15.92 |
| Percent B (%b) | 0.24 |
| BandWidth | 6.73 |
| MACD Line | 0.04 |
| MACD Signal Line | 0.09 |
| MACD Histogram | -0.0447 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 16.29 | ||||
| Resistance 3 (R3) | 16.29 | 16.26 | 16.27 | ||
| Resistance 2 (R2) | 16.26 | 16.23 | 16.26 | 16.27 | |
| Resistance 1 (R1) | 16.22 | 16.22 | 16.24 | 16.22 | 16.26 |
| Pivot Point | 16.19 | 16.19 | 16.20 | 16.19 | 16.19 |
| Support 1 (S1) | 16.16 | 16.17 | 16.17 | 16.15 | 16.11 |
| Support 2 (S2) | 16.12 | 16.15 | 16.12 | 16.11 | |
| Support 3 (S3) | 16.09 | 16.12 | 16.10 | ||
| Support 4 (S4) | 16.09 |
