Index Trend Analysis Report
Prepared for you on Monday, October 19, 2020.
ProShares UltraShort Semiconductors (GIF:SSG)
Sidelines Mode (+55) - SSG 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 SSG?
MarketClub looks at technical strength and momentum to determine if the timing is right for SSG.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SSG
The long-term trend has been UP since Aug 18th, 2020 at 10.8091
The intermediate-term trend has been DOWN since Sep 28th, 2020 at 21.3325
The short-term trend has been UP since Oct 6th, 2020 at 20.9312
Smart Scan Analysis for SSG
Based on our trend formula, SSG is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).