Index Trend Analysis Report
Prepared for you on Monday, April 19, 2021.
ProShares Short High Yield (GIF:SJB)
Long-Term Downtrend (-90) - SJB is in a strong downtrend that is likely to continue. While SJB 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 SJB?
MarketClub looks at technical strength and momentum to determine if the timing is right for SJB.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SJB
The long-term trend has been DOWN since Jun 2nd, 2020 at 20.582
The intermediate-term trend has been DOWN since Mar 29th, 2021 at 18.517
The short-term trend has been DOWN since Apr 14th, 2021 at 18.364
Smart Scan Analysis for SJB
Based on our trend formula, SJB is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).