Index Trend Analysis Report
Prepared for you on Tuesday, April 20, 2021.
ProShares UltraShort Financials (GIF:SKF)
Crossroads (-60) - SKF is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid SKF?
MarketClub looks at technical strength and momentum to determine if the timing is right for SKF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SKF
The long-term trend has been UP since Jan 21st, 2021 at 12.4090
The intermediate-term trend has been DOWN since Feb 16th, 2021 at 14.0380
The short-term trend has been DOWN since Mar 26th, 2021 at 12.3619
Smart Scan Analysis for SKF
Based on our trend formula, SKF is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).