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Stock Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
ProShares Ultrashort FTSE China 50 (PACF:FXP)
Countertrend Down (-85) - FXP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid FXP?
MarketClub looks at technical strength and momentum to determine if the timing is right for FXP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for FXP
The long-term trend has been DOWN since Mar 12th, 2024 at 36.8421
The intermediate-term trend has been DOWN since Feb 6th, 2024 at 41.9500
The short-term trend has been UP since May 8th, 2024 at 29.4600
Smart Scan Analysis for FXP
Based on our trend formula, FXP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 30.0600 | 29.9250 | 29.5500 | 29.5950 | +0.2635 |
| Prev. Close | Volume | Bid | Ask | Time |
| 29.5974 | 8023 | 2024-05-08 15:57:09 |
| Year High | 85.82 | Year High Date | 2018-10-29 |
| Year Low | 49.48 | Year Low Date | 2018-01-26 |
| 52wk High | 51.19 | 52wk High Date | 2024-01-22 |
| 52wk Low | 26.8501 | 52wk Low Date | 2023-07-31 |
| Year End Close | 17.58 | Average Volume | 6,410 |
| Shares Outstanding | 602 | Assets | 988M |
| Beta | -2.06000000 | Volatility | 62.04 |