Technical Analysis for SMN - ProShares UltraShort Basic Materials

Grade Last Price % Change Price Change
B 7.51 -1.22% -0.09
SMN closed down 1.22 percent on Friday, April 26, 2024, on 2.3 times normal volume. It was able to find support at its 50 day moving average.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Up Down

Date Alert Name Type % Chg
50 DMA Support Bullish 0.00%
Overbought Stochastic Strength 0.00%
Down 3 Days in a Row Weakness 0.00%
Gapped Down Weakness 0.00%
Gapped Up Strength -1.22%
Overbought Stochastic Strength -1.22%
Gapped Up Strength -2.50%
Overbought Stochastic Strength -2.50%
1,2,3 Pullback Bullish Bullish Swing Setup -2.77%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup -2.77%

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Profile

The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Dow Jones U.S. Basic MaterialsSM Index. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times the inverse (-2x) of the daily return of the index. The index measures the performance of the basic materials sector of the U.S. equity market. The fund is non-diversified.
Classification

Keywords: Exchange Traded Fund ETF Leveraged ETF Ultra ETF Inverse ETF Bear Market ETF Proshares Dow Jones Us Basic Materials Sector Index

Top 10 Components

Symbol Grade Price % Change Allocation
LIN D -0.16 18.22
APD C 0.31 8.28
ECL C 0.13 7.77
DD A -0.07 7.23
DOW B 0.40 6.27
NEM A -0.87 5.65
PPG D 0.56 4.81
LYB B -0.83 3.74
CTVA C 0.31 3.36
FCX A 3.17 2.96

Is SMN a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 10.7254
52 Week Low 6.85
Average Volume 3,341
200-Day Moving Average 8.61
50-Day Moving Average 7.47
20-Day Moving Average 7.33
10-Day Moving Average 7.60
Average True Range 0.15
RSI (14) 53.05
ADX 29.18
+DI 30.72
-DI 24.89
Chandelier Exit (Long, 3 ATRs) 7.37
Chandelier Exit (Short, 3 ATRs) 7.30
Upper Bollinger Bands 7.92
Lower Bollinger Band 6.75
Percent B (%b) 0.65
BandWidth 16.01
MACD Line 0.07
MACD Signal Line 0.02
MACD Histogram 0.0514
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 7.69
Resistance 3 (R3) 7.69 7.63 7.66
Resistance 2 (R2) 7.63 7.59 7.63 7.65
Resistance 1 (R1) 7.57 7.56 7.60 7.57 7.64
Pivot Point 7.51 7.51 7.53 7.51 7.51
Support 1 (S1) 7.45 7.47 7.48 7.45 7.39
Support 2 (S2) 7.39 7.44 7.40 7.38
Support 3 (S3) 7.34 7.39 7.37
Support 4 (S4) 7.34