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

Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Wed, 28 Jun 2017NoneBullish EngulfingTue, 27 Jun 2017-1.65%
***Stock database and scans are updated around midnight (New York time) every trading day.
12.51 0.00 (0%) Jun 28 3:59pm EDT
Open: 12.61 Range: 12.48 - 12.64 Vol: 8.52M Avg Vol: 8.13M
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 12.58
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 15.42
Last Trade is below the 50 day moving average at 14.17
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 15.00
* 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 in a very strong downtrend. For the last 52 weeks, SDS has maintained to stay firmly below the 200 day moving average for 98% of the time. Rallies will be sold into until the downtrend reverses. The medium term trend for SDS is also extremely bearish and weak, having traded almost 93% of the time below the 50 day moving average. The 20 day moving average is also indicating a very strong downtrend as SDS has been trading below its 20 SMA for 85% of the time in the last 8 weeks. SDS may be overdue for a relief rally but it has to be noted that as SDS is still in a strong downtrend characterized by the 200 SMA, currently at 15.00, the most likely scenario is that rallies will be sold into until the 200 SMA is convincingly taken out. 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 - Wed, 28 Jun 2017
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