Stronger Sell Today TWM ranks #3338 as SELL CANDIDATE. Weaker Sell
Today TWM ranks #3338 as SELL CANDIDATE.

TWM stock ProShares UltraShort Russell2000

TWM stock
ProShares UltraShort Russell2000

April 22, 2019
Change 0.67%
Chart period: 2019-01-23 - 2019-04-22
VOLUME
Buy
TREND
Sell

MV LONG
Sell

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

Will TWM stock price go up or down on Tue, 23 Apr 2019?

ProShares UltraShort Russell2000 Forecast and Stock Analysis

Technical TWM stock analysis for April 22, 2019.

Sell candidate since 2019-04-16 Gain 3.21%
Shorts 0.47% ( 2013-01-15 )
Cash n/a
Loans n/a
Beta -2.35
ROA n/a

ProShares UltraShort Russell2000 gained 0.67% in the last trading day, rising from $15.01 to $15.11 , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 7 of the last 10 days and is up by 3% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 6 208 more shares were traded than the day before. In total, 604 335 shares bought and sold for approximately $9.13 million.

Close price at the end of the last trading day (Monday, 22nd Apr 2019) of the TWM stock was $15.11. This is 0.67% more than the trading day before Thursday, 18th Apr 2019.

During day the stock fluctuated 1.60% from a day low at $14.99 to a day high of $15.23.

30 day high of the TWM stock price was $16.50 and low was $14.53.
90 day high was $17.83 and low was $14.45.
52 week high for the ProShares UltraShort Russell2000 - $23.55 and low - $13.00.

Trend

ProShares UltraShort Russell2000 lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -9.99% during the next 3 months and, with 90% probability hold a price between $12.20 and $14.09 at the end of this period.

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Signals

A buy signal was issued from a pivot bottom point on Friday April 12, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. ProShares UltraShort Russell2000 holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $15.26. On a fall, the stock will find some support from the short-term average at $14.82. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.

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A buy signal from a double bottom formation was found on Friday April 12, 2019 and based on theory for this formation the price should go up by 0.47% to $15.14 within 5 trading days since signal was issued (Monday April 22, 2019).

Relative Strength Index (RSI)

RSI14 is 49 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

ProShares UltraShort Russell2000 finds support from accumulated volume at $15.08.

Support: $15.08 Price: $15.11 Resistance: $15.50

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.24 (1.60%) between high and low. For the last week, the stock has had a daily average volatility of 2.07%.

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

Overall risk:

Very Low Low Medium High Very High

Stronger Sell Today TWM ranks #3338 as SELL CANDIDATE. Weaker Sell
Today TWM ranks #3338 as SELL CANDIDATE.