Stock Trend Analysis Report
Prepared for you on Sunday, May 9, 2021.
ProShares UltraShort Bloomberg Crude Oil (PACF:SCO)
Bear Market Rally (-75) - SCO is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on SCO as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid SCO?
MarketClub looks at technical strength and momentum to determine if the timing is right for SCO.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SCO
The long-term trend has been DOWN since Nov 11th, 2020 at 14.50
The intermediate-term trend has been DOWN since Nov 9th, 2020 at 15.54
The short-term trend has been UP since May 7th, 2021 at 5.85
Smart Scan Analysis for SCO
Based on our trend formula, SCO is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Year High||26.82||Year High Date||2018-11-28|
|Year Low||12.2938||Year Low Date||2018-10-03|
|52wk High||41.76||52wk High Date||2020-05-07|
|52wk Low||5.6106||52wk Low Date||2021-05-05|
|Year End Close||40.4398||Average Volume||2,303,938|