Index Trend Analysis Report
Prepared for you on Monday, April 12, 2021.
ProShares UltraShort Silver (GIF:ZSL)
Bear Market Rally (-75) - ZSL is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ZSL as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid ZSL?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZSL.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZSL
The long-term trend has been DOWN since May 15th, 2020 at 23.6150
The intermediate-term trend has been UP since Mar 3rd, 2021 at 6.2282
The short-term trend has been DOWN since Apr 6th, 2021 at 6.6958
Smart Scan Analysis for ZSL
Based on our trend formula, ZSL is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).