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ProShares UltraShort Basic Materials (SMN) - Buy, Sell or Hold?

Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 17 Nov 2017NoneEvening StarThu, 16 Nov 2017-0.35%
***Stock database and scans are updated around midnight (New York time) every trading day.
14.44 0.00 (0%) Nov 17 4:00pm EDT
Open: 14.64 Range: 14.34 - 14.64 Vol: 4K Avg Vol: 11.81K
EPS: 0.00 P/E ratio: 0.00 EBITDA: N/A Mkt Cap: N/A
Analyze "SMN" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 14.62
Medium Term: Trading is Range Bound
Last Trade is above the 20 day moving average at 14.32
Last Trade is below the 50 day moving average at 14.75
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 17.13
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of SMN

ETF Trend Analysis - Buy, Sell or Hold "ProShares UltraShort Basic Materials" (SMN)?

SMN is in a very strong downtrend. For the last 52 weeks, SMN 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 SMN 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 SMN has been trading below its 20 SMA for 82.5% of the time in the last 8 weeks. SMN may be overdue for a relief rally but it has to be noted that as SMN is still in a strong downtrend characterized by the 200 SMA, currently at 17.13, 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 "SMN".
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