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Stock Trend Analysis Report
Prepared for you on Tuesday, October 3, 2023.
ProShares UltraShort S&P500 (PACF:SDS)
Sidelines Mode (-55) - SDS is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
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, 2022 at 40.8984
The intermediate-term trend has been UP since Sep 19th, 2023 at 35.2747
The short-term trend has been DOWN since Sep 29th, 2023 at 36.5910
Smart Scan Analysis for SDS
Based on our trend formula, SDS is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 37.2600 | 37.6310 | 36.9200 | 37.1699 | +0.0599 |
| Prev. Close | Volume | Bid | Ask | Time |
| 37.1300 | 7817406 | 2023-10-02 15:59:43 |
| Year High | 45.27 | Year High Date | 2018-02-09 |
| Year Low | 32.53 | Year Low Date | 2018-10-03 |
| 52wk High | 57.07 | 52wk High Date | 2022-10-13 |
| 52wk Low | 32.175 | 52wk Low Date | 2023-07-27 |
| Year End Close | 54.11 | Average Volume | 5,213,805 |
| Shares Outstanding | 25,556 | Assets | 17,309M |
| Beta | -1.85000000 | Volatility | 41.27 |