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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.

Open High Low SSG Price Change
17.8122 18.3396 17.5050 18.2389 +0.2897
Entry Signal

MarketClub’s Trade Triangles for SSG

long term up The long-term trend has been UP since Aug 18th, 2020 at 10.8091

intermediate term down The intermediate-term trend has been DOWN since Sep 28th, 2020 at 21.3325

short term up 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).

Smart Scan Analysis for SSG
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
17.8122 18.3396 17.5050 18.2389 +0.2897
Prev. Close Volume Bid Ask Time
21.6609 0 2020-10-19 15:59:52
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