Technical Analysis for ZSL - ProShares UltraShort Silver
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| B | 35.26 | 280.78% | 26.00 |
ZSL closed up 280.78 percent on Thursday, November 7, 2024, on 13 percent of normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline. The stock crossed above its 200 day moving average, improving its long-term outlook by crossing above that critical trendline. The bulls were able to push the stock to a new 52-week high. 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 | Up | Up | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Crossed Above 200 DMA | Bullish | 0.00% | |
| Crossed Above 50 DMA | Bullish | 0.00% | |
| MACD Bullish Centerline Cross | Bullish | 0.00% | |
| New 52 Week Closing High | Bullish | 0.00% | |
| Expansion Breakout | Bullish Swing Setup | 0.00% | |
| New 52 Week High | Strength | 0.00% | |
| Stochastic Reached Overbought | Strength | 0.00% | |
| Wide Bands | Range Expansion | 0.00% | |
| Above Upper BB | Strength | 0.00% | |
| Gapped Up | Strength | 0.00% |
| Alert | Time |
|---|---|
| Gapped Up (Full) | about 8 hours ago |
| Rose Above Previous Day's High | about 8 hours ago |
| New 52 Week High | about 8 hours ago |
| Rose Above Upper Bollinger Band | about 8 hours ago |
| Rose Above 200 DMA | about 8 hours ago |
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Basic chart:
The investment seeks to correspond (before fees and expenses) to two times the inverse (-2x) of the daily performance of silver bullion as measured by the London Silver Price.
The fund invests principally in any one of or combinations of Financial Instruments, including swap agreements, futures contracts or forward contracts with respect to the applicable fund’s benchmark to the extent determined appropriate by the Sponsor. It may invest up to 100% of its assets in any of these types of cash or cash equivalent securities.
Keywords: Exchange Traded Fund ETF Leveraged ETF Ultra ETF Swaps Inverse ETF Bear Market ETF Silver Exchange Traded Product Bullion Forward Contract
Classification
Keywords: Exchange Traded Fund ETF Leveraged ETF Ultra ETF Swaps Inverse ETF Bear Market ETF Silver Exchange Traded Product Bullion Forward Contract
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 36.1399 |
| 52 Week Low | 7.4901 |
| Average Volume | 2,122,355 |
| 200-Day Moving Average | 12.93 |
| 50-Day Moving Average | 10.01 |
| 20-Day Moving Average | 9.82 |
| 10-Day Moving Average | 11.04 |
| Average True Range | 2.36 |
| RSI (14) | 94.57 |
| ADX | 22.87 |
| +DI | 87.24 |
| -DI | 4.35 |
| Chandelier Exit (Long, 3 ATRs) | 29.06 |
| Chandelier Exit (Short, 3 ATRs) | 14.57 |
| Upper Bollinger Bands | 21.55 |
| Lower Bollinger Band | -1.92 |
| Percent B (%b) | 1.58 |
| BandWidth | 239.08 |
| MACD Line | 1.91 |
| MACD Signal Line | 0.06 |
| MACD Histogram | 1.8511 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 38.06 | ||||
| Resistance 3 (R3) | 38.05 | 37.09 | 37.60 | ||
| Resistance 2 (R2) | 37.09 | 36.38 | 37.10 | 37.44 | |
| Resistance 1 (R1) | 36.18 | 35.94 | 35.70 | 36.19 | 37.29 |
| Pivot Point | 35.22 | 35.22 | 34.98 | 35.23 | 35.22 |
| Support 1 (S1) | 34.31 | 34.51 | 33.83 | 34.33 | 33.23 |
| Support 2 (S2) | 33.35 | 34.07 | 33.36 | 33.08 | |
| Support 3 (S3) | 32.44 | 33.35 | 32.92 | ||
| Support 4 (S4) | 32.46 |
