Index Trend Analysis Report
Prepared for you on Tuesday, September 22, 2020.
ProShares UltraPro Short MidCap400 (GIF:SMDD)
Countertrend Down (-85) - SMDD is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid SMDD?
MarketClub looks at technical strength and momentum to determine if the timing is right for SMDD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SMDD
The long-term trend has been DOWN since Sep 2nd, 2020 at 11.1531
The intermediate-term trend has been DOWN since Sep 2nd, 2020 at 11.1531
The short-term trend has been UP since Sep 21st, 2020 at 13.1857
Smart Scan Analysis for SMDD
Based on our trend formula, SMDD is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).