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Stock Trend Analysis Report

Prepared for you on Wednesday, May 22, 2024.

ProShares Short S&P500 (PACF:SH)

Long-Term Downtrend (-90) - SH is in a strong downtrend that is likely to continue. While SH is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid SH?

MarketClub looks at technical strength and momentum to determine if the timing is right for SH.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

PACF_SH
Open High Low SH Price Change
11.82 11.90 11.81 11.85 +0.04
Entry Signal

MarketClub’s Trade Triangles for SH

long term down The long-term trend has been DOWN since Dec 1st, 2023 at 13.66

intermediate term down The intermediate-term trend has been DOWN since May 7th, 2024 at 12.08

short term down The short-term trend has been DOWN since May 3rd, 2024 at 12.26

Smart Scan Analysis for SH

Based on our trend formula, SH is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for SH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
11.82 11.90 11.81 11.85 +0.04
Prev. Close Volume Bid Ask Time
11.81 14176815 2024-05-22 15:59:57
Year High31.765Year High Date2018-02-09
Year Low27.08Year Low Date2018-10-03
52wk High15.252wk High Date2023-10-27
52wk Low11.7952wk Low Date2024-05-16
Year End Close34.03Average Volume17,101,175
Shares Outstanding130,906Assets16,059M
Beta-0.95000000Volatility20.82
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