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ProShares UltraShort Financials (SKF) - Buy, Sell or Hold?

Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 17 Nov 2017NoneHammerThu, 16 Nov 20170.26%
***Stock database and scans are updated around midnight (New York time) every trading day.
23.14 0.00 (0%) Nov 17 4:00pm EDT
Open: 23.24 Range: 23.07 - 23.26 Vol: 34.3K Avg Vol: 26K
EPS: 0.00 P/E ratio: 0.00 EBITDA: N/A Mkt Cap: N/A
Analyze "SKF" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 23.13
Medium Term: Trading is Range Bound
Last Trade is above the 20 day moving average at 22.91
Last Trade is below the 50 day moving average at 23.63
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 26.48
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of SKF

ETF Trend Analysis - Buy, Sell or Hold "ProShares UltraShort Financials" (SKF)?

SKF is in a very strong downtrend. For the last 52 weeks, SKF has maintained to stay firmly below the 200 day moving average for 100% of the time. Rallies will be sold into until the downtrend reverses. The medium term trend for SKF is also extremely bearish and weak, having traded almost 91% of the time below the 50 day moving average. The 20 day moving average is also showing some signs of weakness as SKF has been trading below its 20 SMA for 80% of the time in the last 8 weeks. As SKF is in a strong downtrend characterized by the 200 SMA, currently at 26.48, the most likely scenario is that rallies will be sold into until the 200 SMA is convincingly taken out. Technically, there is very little reason to recommend a buy on this counter, although SKF may get a short term oversold bounce around here. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "SKF".
Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 17 Nov 2017
Exchange Traded Funds Above 200 Day Moving Average
TickerNameTrend AnalysisSupport/Resistance