Technical Analysis for MZZ - ProShares UltraShort MidCap400

Grade Last Price % Change Price Change
D 11.33 2.72% 0.30
MZZ closed up 2.72 percent on Friday, September 6, 2024, on 29 percent of normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Up Up

Date Alert Name Type % Chg
Stochastic Reached Overbought Strength 0.00%
Outside Day Range Expansion 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Crossed Above 50 DMA Bullish 2.72%
MACD Bullish Signal Line Cross Bullish 2.72%
Calm After Storm Range Contraction 2.72%
Narrow Range Bar Range Contraction 2.72%
Gapped Up Strength 2.72%
Crossed Above 20 DMA Bullish 4.30%

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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 S&P MidCap 400®. 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 is a measure of mid-size company U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 400 U.S. operating companies and real estate investment trusts selected through a process. The fund is non-diversified.
Classification

Keywords: Exchange Traded Fund ETF Exchange Traded Funds Real Estate Investment Trust Inverse Exchange Traded Fund Leveraged ETF Ultra ETF S&P 500 Index CBOE Inverse ETF Bear Market ETF Capitalization Weighted Index Midcap

Is MZZ 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 17.6838
52 Week Low 9.9433
Average Volume 3,312
200-Day Moving Average 11.71
50-Day Moving Average 10.94
20-Day Moving Average 10.79
10-Day Moving Average 10.58
Average True Range 0.26
RSI (14) 59.02
ADX 14.26
+DI 48.32
-DI 31.75
Chandelier Exit (Long, 3 ATRs) 11.09
Chandelier Exit (Short, 3 ATRs) 10.86
Upper Bollinger Bands 11.62
Lower Bollinger Band 9.97
Percent B (%b) 0.82
BandWidth 15.27
MACD Line -0.05
MACD Signal Line -0.12
MACD Histogram 0.0703
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 11.78
Resistance 3 (R3) 11.73 11.53 11.70
Resistance 2 (R2) 11.53 11.41 11.55 11.68
Resistance 1 (R1) 11.43 11.34 11.48 11.48 11.65
Pivot Point 11.23 11.23 11.25 11.25 11.23
Support 1 (S1) 11.13 11.11 11.18 11.18 11.00
Support 2 (S2) 10.92 11.04 10.95 10.97
Support 3 (S3) 10.82 10.92 10.95
Support 4 (S4) 10.87