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Stock Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
ProShares UltraShort S&P500 (PACF:SDS)
Bull Market Weakness (+75) - SDS is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SDS as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid SDS?
MarketClub looks at technical strength and momentum to determine if the timing is right for SDS.
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 SDS
The long-term trend has been DOWN since Dec 1st, 2023 at 32.7317
The intermediate-term trend has been UP since Jul 24th, 2024 at 23.1950
The short-term trend has been UP since Jul 17th, 2024 at 22.0900
Smart Scan Analysis for SDS
Based on our trend formula, SDS is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 23.3800 | 23.4500 | 22.9501 | 23.2000 | -0.5000 |
| Prev. Close | Volume | Bid | Ask | Time |
| 23.7000 | 12561629 | 2024-07-26 15:59:57 |
| Year High | 45.27 | Year High Date | 2018-02-09 |
| Year Low | 32.53 | Year Low Date | 2018-10-03 |
| 52wk High | 40.75 | 52wk High Date | 2023-10-27 |
| 52wk Low | 21.48 | 52wk Low Date | 2024-07-16 |
| Year End Close | 54.11 | Average Volume | 11,106,169 |
| Shares Outstanding | 25,556 | Assets | 17,309M |
| Beta | -1.85000000 | Volatility | 41.27 |