Index Trend Analysis Report
Prepared for you on Tuesday, September 22, 2020.
ProShares UltraShort Utilities (GIF:SDP)
Bull Market Weakness (+75) - SDP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on SDP as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid SDP?
MarketClub looks at technical strength and momentum to determine if the timing is right for SDP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SDP
The long-term trend has been DOWN since Apr 9th, 2020 at 12.203
The intermediate-term trend has been UP since Aug 21st, 2020 at 11.327
The short-term trend has been UP since Sep 18th, 2020 at 11.361
Smart Scan Analysis for SDP
Based on our trend formula, SDP is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).