Index Trend Analysis Report
Prepared for you on Sunday, January 17, 2021.
ProShares UltraShort Technology (GIF:REW)
Sidelines Mode (-55) - REW 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 REW?
MarketClub looks at technical strength and momentum to determine if the timing is right for REW.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for REW
The long-term trend has been DOWN since Dec 1st, 2020 at 15.5401
The intermediate-term trend has been DOWN since Nov 5th, 2020 at 16.4939
The short-term trend has been UP since Jan 15th, 2021 at 14.6845
Smart Scan Analysis for REW
Based on our trend formula, REW is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).