Technical Analysis for SMN - ProShares UltraShort Basic Materials
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| C | 6.91 | 0.59% | 0.04 |
SMN closed up 0.59 percent on Friday, November 1, 2024, on 74 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. 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.
| 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% | |
| NR7 | Range Contraction | 0.00% | |
| Narrow Range Bar | Range Contraction | 0.00% | |
| Doji - Bearish? | Reversal | 0.00% | |
| Gapped Up | Strength | 0.00% | |
| Overbought Stochastic | Strength | 0.00% | |
| Crossed Above 50 DMA | Bullish | 0.59% | |
| MACD Bullish Centerline Cross | Bullish | 0.59% | |
| Gapped Up | Strength | 0.59% | |
| Overbought Stochastic | Strength | 0.59% |
| Alert | Time |
|---|---|
| Rose Above Previous Day's High | about 19 hours ago |
| Possible NR7 | about 19 hours ago |
| Rose Above Previous Day's High | 2 days ago |
| Rose Above 50 DMA | 2 days ago |
| Up 1% | 2 days 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. 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.
Keywords: Exchange Traded Fund ETF Leveraged ETF Ultra ETF Inverse ETF Bear Market ETF Proshares Dow Jones Us Basic Materials Sector Index
Classification
Keywords: Exchange Traded Fund ETF Leveraged ETF Ultra ETF Inverse ETF Bear Market ETF Proshares Dow Jones Us Basic Materials Sector Index
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 10.0542 |
| 52 Week Low | 6.22 |
| Average Volume | 7,365 |
| 200-Day Moving Average | 7.27 |
| 50-Day Moving Average | 6.72 |
| 20-Day Moving Average | 6.57 |
| 10-Day Moving Average | 6.67 |
| Average True Range | 0.12 |
| RSI (14) | 61.09 |
| ADX | 15.27 |
| +DI | 39.74 |
| -DI | 23.66 |
| Chandelier Exit (Long, 3 ATRs) | 6.54 |
| Chandelier Exit (Short, 3 ATRs) | 6.62 |
| Upper Bollinger Bands | 6.93 |
| Lower Bollinger Band | 6.20 |
| Percent B (%b) | 0.98 |
| BandWidth | 11.08 |
| MACD Line | 0.04 |
| MACD Signal Line | -0.03 |
| MACD Histogram | 0.0658 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 6.97 | ||||
| Resistance 3 (R3) | 6.96 | 6.94 | 6.96 | ||
| Resistance 2 (R2) | 6.94 | 6.92 | 6.94 | 6.96 | |
| Resistance 1 (R1) | 6.92 | 6.91 | 6.93 | 6.93 | 6.95 |
| Pivot Point | 6.90 | 6.90 | 6.90 | 6.90 | 6.90 |
| Support 1 (S1) | 6.88 | 6.88 | 6.89 | 6.89 | 6.87 |
| Support 2 (S2) | 6.86 | 6.87 | 6.86 | 6.86 | |
| Support 3 (S3) | 6.84 | 6.86 | 6.86 | ||
| Support 4 (S4) | 6.85 |
