Technical Analysis for SMN - ProShares UltraShort Basic Materials

Grade Last Price % Change Price Change
C 7.92 1.78% 0.14
SMN closed up 1.78 percent on Monday, July 1, 2024, on 2.75 times 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
Pocket Pivot Bullish Swing Setup 0.00%
Above Upper BB Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
Reversal New Highs Setup Bullish Swing Setup 1.78%
Outside Day Range Expansion 1.78%
Overbought Stochastic Strength 1.78%
Gapped Down Weakness 1.78%
180 Bullish Setup Bullish Swing Setup 2.94%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakout about 9 hours ago
Rose Above Upper Bollinger Band about 9 hours ago
Up 1% about 9 hours ago
5x Volume Pace about 9 hours ago
Possible Pocket Pivot about 9 hours 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. 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 C -2.25 18.22
APD D -3.49 8.28
ECL B -1.05 7.77
DD B -1.52 7.23
DOW D -0.79 6.27
NEM B -0.53 5.65
PPG F -1.52 4.81
LYB D -1.07 3.74
CTVA C -1.61 3.36
FCX D -0.39 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 10.6078
52 Week Low 6.7749
Average Volume 5,941
200-Day Moving Average 8.26
50-Day Moving Average 7.39
20-Day Moving Average 7.52
10-Day Moving Average 7.62
Average True Range 0.14
RSI (14) 67.53
ADX 18.42
+DI 41.08
-DI 17.38
Chandelier Exit (Long, 3 ATRs) 7.51
Chandelier Exit (Short, 3 ATRs) 7.51
Upper Bollinger Bands 7.83
Lower Bollinger Band 7.21
Percent B (%b) 1.15
BandWidth 8.19
MACD Line 0.12
MACD Signal Line 0.09
MACD Histogram 0.0357
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 8.16
Resistance 3 (R3) 8.14 8.04 8.12
Resistance 2 (R2) 8.04 7.98 8.05 8.11
Resistance 1 (R1) 7.98 7.94 8.01 8.00 8.09
Pivot Point 7.88 7.88 7.89 7.89 7.88
Support 1 (S1) 7.82 7.82 7.85 7.84 7.74
Support 2 (S2) 7.72 7.78 7.73 7.73
Support 3 (S3) 7.66 7.72 7.72
Support 4 (S4) 7.68