Technical Analysis for SKF - ProShares UltraShort Financials

Grade Last Price % Change Price Change
F 33.34 -1.91% -0.65
SKF closed up 0.44 percent on Wednesday, November 20, 2024, on approximately normal volume. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down

Date Alert Name Type % Chg
Shooting Star Candlestick Bearish -1.91%
Oversold Stochastic Weakness -1.91%
Gapped Up Strength -1.48%
Oversold Stochastic Weakness -1.48%
New 52 Week Closing Low Bearish -0.21%
NR7 Range Contraction -0.21%
Narrow Range Bar Range Contraction -0.21%
Oversold Stochastic Weakness -0.21%
180 Bearish Setup Bearish Swing Setup -0.51%
Oversold Stochastic Weakness -0.51%

   Recent Intraday Alerts

Alert Time
2x Volume Pace about 1 hour ago
1.5x Volume Pace about 1 hour ago
3x Volume Pace about 1 hour ago
Shooting Star Candlestick Entry about 1 hour ago
Fell Below Previous Day's Low about 1 hour ago

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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. FinancialsSM 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 financial services 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

Top 10 Components

Symbol Grade Price % Change Allocation
BRK.A B 1.02 7.56
JPM B 1.10 7.27
V A 0.94 5.88
MA B 0.84 4.83
BAC A 1.74 4.46
WFC A 2.53 3.19
C B 1.15 2.98
AMT D 0.31 1.74
AXP B 1.39 1.49
GS B 2.44 1.34

Is SKF 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 64.4004
52 Week Low 33.16
Average Volume 12,695
200-Day Moving Average 45.10
50-Day Moving Average 38.38
20-Day Moving Average 35.93
10-Day Moving Average 33.88
Average True Range 0.87
RSI (14) 44.13
ADX 30.61
+DI 20.56
-DI 28.23
Chandelier Exit (Long, 3 ATRs) 37.10
Chandelier Exit (Short, 3 ATRs) 35.78
Upper Bollinger Bands 40.56
Lower Bollinger Band 31.30
Percent B (%b) 0.29
BandWidth 25.79
MACD Line -1.49
MACD Signal Line -1.41
MACD Histogram -0.0784
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 34.70
Resistance 3 (R3) 34.74 34.54 34.58
Resistance 2 (R2) 34.54 34.36 34.52 34.54
Resistance 1 (R1) 34.27 34.25 34.41 34.23 34.50
Pivot Point 34.07 34.07 34.14 34.05 34.07
Support 1 (S1) 33.80 33.89 33.94 33.76 33.48
Support 2 (S2) 33.60 33.78 33.58 33.44
Support 3 (S3) 33.33 33.60 33.40
Support 4 (S4) 33.29