Technical Analysis for SRS - ProShares UltraShort Real Estate
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| B | 16.86 | -1.69% | -0.29 |
SRS closed down 0.17 percent on Friday, April 26, 2024, on 58 percent of normal volume. It was able to bounce off of its 200 day moving average, an important long-term support line. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Strong | Flat | Up | Down |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| 200 DMA Support | Bullish | -1.69% | |
| Hammer Candlestick | Bullish | -1.69% | |
| Gapped Up | Strength | -1.86% | |
| Overbought Stochastic | Strength | -0.77% | |
| Down 3 Days in a Row | Weakness | -0.77% | |
| Down 4 Days in a Row | Weakness | -0.77% | |
| Down 5 Days in a Row | Weakness | -0.77% | |
| Overbought Stochastic | Strength | -1.40% | |
| Down 3 Days in a Row | Weakness | -1.40% | |
| Down 4 Days in a Row | Weakness | -1.40% |
| Alert | Time |
|---|---|
| 200 DMA Resistance | about 1 hour ago |
| Fell Below 200 DMA | about 1 hour ago |
| 200 DMA Support | about 3 hours ago |
| Fell Below Previous Day's Low | about 3 hours ago |
| Down 2 % | about 3 hours ago |
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Basic chart:
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. Real EstateSM 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 real estate sector of the U.S. equity market. Component companies include, among others, real estate holding and development and real estate services companies and real estate investment trusts ("REITs"). The fund is non-diversified.
Keywords: Exchange Traded Fund ETF Real Estate Investment Trust Leveraged ETF Ultra ETF Inverse ETF Bear Market ETF Real Estate Sector Real Estate Services
Classification
Keywords: Exchange Traded Fund ETF Real Estate Investment Trust Leveraged ETF Ultra ETF Inverse ETF Bear Market ETF Real Estate Sector Real Estate Services
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 22.755 |
| 52 Week Low | 13.8731 |
| Average Volume | 52,736 |
| 200-Day Moving Average | 16.86 |
| 50-Day Moving Average | 15.59 |
| 20-Day Moving Average | 16.47 |
| 10-Day Moving Average | 17.36 |
| Average True Range | 0.47 |
| RSI (14) | 61.39 |
| ADX | 25.41 |
| +DI | 31.79 |
| -DI | 23.14 |
| Chandelier Exit (Long, 3 ATRs) | 16.58 |
| Chandelier Exit (Short, 3 ATRs) | 15.90 |
| Upper Bollinger Bands | 18.41 |
| Lower Bollinger Band | 14.53 |
| Percent B (%b) | 0.67 |
| BandWidth | 23.57 |
| MACD Line | 0.55 |
| MACD Signal Line | 0.54 |
| MACD Histogram | 0.0191 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 17.71 | ||||
| Resistance 3 (R3) | 17.66 | 17.42 | 17.61 | ||
| Resistance 2 (R2) | 17.42 | 17.28 | 17.45 | 17.58 | |
| Resistance 1 (R1) | 17.29 | 17.19 | 17.17 | 17.34 | 17.55 |
| Pivot Point | 17.05 | 17.05 | 17.00 | 17.08 | 17.05 |
| Support 1 (S1) | 16.92 | 16.91 | 16.80 | 16.97 | 16.75 |
| Support 2 (S2) | 16.68 | 16.82 | 16.71 | 16.72 | |
| Support 3 (S3) | 16.55 | 16.68 | 16.69 | ||
| Support 4 (S4) | 16.60 |
