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ProShares UltraShort S&P500 (SDS) - Buy, Sell or Hold?

Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 20 Oct 2017NoneDojiMon, 16 Oct 2017-1.37%
***Stock database and scans are updated around midnight (New York time) every trading day.
44.60 0.00 (0%) Oct 20 4:00pm EDT
Open: 44.73 Range: 44.58 - 44.84 Vol: 2.97M Avg Vol: 3.35M
EPS: 0.00 P/E ratio: 0.00 EBITDA: N/A Mkt Cap: N/A
Analyze "SDS" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 45.03
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 45.87
Last Trade is below the 50 day moving average at 47.54
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 51.61
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of SDS

ETF Trend Analysis - Buy, Sell or Hold "ProShares UltraShort S&P500" (SDS)?

SDS is trading below its 200 day moving average and objectively, many will consider the long term trend to be down. Care must however be taken with this view as in its last 52 week trading history, it is noted that SDS has been range bound with a slight upward bias, having traded above the 200 SMA about 58% of the time. The medium term trend for SDS is extremely bearish and weak, having traded almost 91% of the time below the 50 day moving average. The 20 day moving average is also very weak and displaying very bearish bias. SDS may be long overdue for a good oversold bounce, but objectively, as long as SDS is trading below its 200 SMA, rallies will be sold into. Technically there are too many uncertainties to recommend a long term buy on this stock at this moment. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "SDS".
Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 20 Oct 2017
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