SRS - ProShares UltraShort Real Estate

Exchange: NYSEARCA

SRS - ProShares UltraShort Real Estate

Exchange: NYSEARCA
#6372()/7029

Tue 31'st Jul 2018

PERIOD 2018-05-02 - 2018-07-31
CHANGE -3.46%
PRICE $27.61
VOLUME
Buy
TREND
Sell

MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

0.00%

ProShares UltraShort Real Estate Stock Analysis

Technical stock analysis for Tue 31'st Jul 2018

Sell candidate since 2018-07-31
Shorts 10.03% ( 2013-01-15 )
Cash n/a
Loans n/a
Beta -2.11
ROA n/a

ProShares UltraShort Real Estate fell by -3.46% in the last day from $28.60 to $27.61 and has now fallen 3 days in a row. The price has been going up and down for this period, and there has been a -1.78% loss for the last 2 weeks. Volume has increased in the last day by 18 355 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 39 853 shares bought and sold for approximately $1.10 million.

Trend

ProShares UltraShort Real Estate lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -14.42% during the next 3 months and, with 90% probability hold a price between $22.02 and $24.59 at the end of this period.

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Signals

There are few to none technical positive signals at the moment. ProShares UltraShort Real Estate holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $28.32 and $28.39. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Friday July 27, 2018, which indicates further falls until a new bottom pivot has been found. ProShares UltraShort Real Estate gained volume on the last day, but on falling prices. In technical terms this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-off's".

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A sell signal from a double bottom formation was found on Friday July 27, 2018 with a target of $27.64. Despite the objective of the signal formation has been reached the stock may continue to fall.

Relative Strength Index (RSI)

RSI14 is 51 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

ProShares UltraShort Real Estate finds support from accumulated volume at $27.48.

Support: $27.48 Price: $27.61 Resistance: $28.00

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.92 (3.35%) between high and low. For the last week, the stock has had a daily average volatility of 2.26%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

Evaluation

ProShares UltraShort Real Estate holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Strong Sell Candidate.

Strong Sell Candidate

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