ProShares UltraPro Short Dow30 ETF Forecast

$15.75
-0.0200 (-0.127%)
At Close: Mar 28, 2024

Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SDOW
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

ProShares UltraPro Short Dow30 ETF price down 0.127% on Thursday
(Updated on Mar 28, 2024)

Sell candidate since Mar 19, 2024 Loss -6.08% PDF

The ProShares UltraPro Short Dow30 ETF price fell by -0.127% on the last day (Thursday, 28th Mar 2024) from $15.77 to $15.75. During the last trading day the ETF fluctuated 1.18% from a day low at $15.66 to a day high of $15.85. The price has fallen in 6 of the last 10 days and is down by -7.41% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -2 million shares and in total, 8 million shares were bought and sold for approximately $120.84 million.

The ETF lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $15.50 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the ETF is expected to fall -13.34% during the next 3 months and, with a 90% probability hold a price between $13.43 and $14.73 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

SDOW Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, March 21, 2024, and so far it has risen 0.255%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The ProShares UltraPro Short Dow30 ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $16.00 and $16.89. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for ProShares UltraPro Short Dow30 ETF

ProShares UltraPro Short Dow30 finds support from accumulated volume at $15.71 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $0.185 between high and low, or 1.18%. For the last week, the ETF has had daily average volatility of 1.68%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SDOW) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect ProShares UltraPro Short Dow30 to open at $15.75, and during the day (based on 14 day Average True Range), to move between $15.35 and $16.15, which gives a possible trading interval of +/-$0.398 (+/-2.53%) up or down from last closing price. If ProShares UltraPro Short Dow30 takes out the full calculated possible swing range there will be an estimated 5.06% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $15.71 (0.25%) than the resistance at $16.77 (6.48%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is ProShares UltraPro Short Dow30 ETF A Buy?

ProShares UltraPro Short Dow30 holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.

Current score: -3.125 Sell Candidate Unchanged

Predicted Opening Price for ProShares UltraPro Short Dow30 of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$15.75 ( 0.0106%) $15.75

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for SDOW

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 15.94 1.19 %
R2 15.87 0.736 %
R1 15.82 0.459 %
Current price: 15.75
Support S1 15.68 -0.438 %
S2 15.64 -0.715 %
S3 15.57 -1.16 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 18.77 19.17 %
R2 17.29 9.78 %
R1 16.77 6.48 %
Current price 15.75
Support S1 15.71 -0.254%
S2 0 .
S3 0 .

SDOW Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 20, 2024 Mar 20, 2024 Mar 27, 2024 $0.252 1.60%
2 Dec 20, 2023 Dec 20, 2023 Dec 20, 2023 $0.253 1.32%
3 Jan 23, 2023 Sep 20, 2023 Sep 27, 2023 $0.259 1.00%
4 Jan 23, 2023 Jun 21, 2023 Jun 28, 2023 $0.258 1.03%
5 Jan 23, 2023 Mar 22, 2023 Mar 29, 2023 $0.220 0.795%

FAQ

What is the symbol for ProShares UltraPro Short Dow30 ETF and on which exchange is it traded?
The symbol for ProShares UltraPro Short Dow30 is SDOW and it is traded on the NYSEARCA (NYSE Arca).

Should I buy or sell ProShares UltraPro Short Dow30 ETF?
ProShares UltraPro Short Dow30 holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this ETF.

How to buy ProShares UltraPro Short Dow30 ETF?
ProShares UltraPro Short Dow30 ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy ProShares UltraPro Short Dow30 ETF.

What's the current price of ProShares UltraPro Short Dow30 ETF?
As of the end of day on the 2024-03-28, the price of an ProShares UltraPro Short Dow30 (SDOW) share was $15.75.

What is the 52-week high and low for ProShares UltraPro Short Dow30 ETF?
The 52-week high for ProShares UltraPro Short Dow30 ETF is $29.26 and the 52-week low is $15.58.

What is the market capitalization of ProShares UltraPro Short Dow30 ETF?
As of the 2024-03-28, the market capitalization of ProShares UltraPro Short Dow30 is 321.548M.
Click to get the best stock tips daily for free!

About ProShares UltraPro Short Dow30

The investment seeks daily investment results, before fees and expenses, that correspond to three times the inverse (-3x) of the daily performance of the Dow Jones Industrial AverageSM. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as three times the inverse (-3x) of the daily return of the index. The index is a price-weighted index and includes 30 large-cap, "bl... SDOW Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT