ZSL Stock Forecast and Technical Analysis
Hold candidate since 2020-02-14 PDF
ProShares UltraShort Silver ETF fell by -0.95% in the last day ( Friday, 14th Feb 2020 ) from $27.34 to $27.08 and has now fallen 3 days in a row. During the day the stock fluctuated 0.93% from a day low at $26.83 to a day high of $27.08. The price has risen in 6 of the last 10 days and is up by 3.48% over the past 2 weeks. Volume has increased in the last day by 8 827 shares but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 14 084 shares bought and sold for approximately $381 395.00.
ZSL Stock Price Summary
- 30 day high of the ZSL stock price was $28.09 and low was $25.64.
- 90 day high was $32.23 and low was $25.21.
- 52 week high for ProShares UltraShort Silver ETF - $44.03 and low - $22.85.
ProShares UltraShort Silver ETF 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 -12.02% during the next 3 months and, with 90% probability hold a price between $20.77 and $24.82 at the end of this period.
There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Wednesday February 12, 2020, which indicates further falls until a new bottom pivot has been found. ProShares UltraShort Silver ETF gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". ProShares UltraShort Silver ETF holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $27.19. On a fall, the stock will find some support from the long-term average at approximately $26.76. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal.
ZSL Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 56 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
ZSL Support & Resistance
ProShares UltraShort Silver ETF finds support from accumulated volume at $27.00.
ZSL Stock Risk
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.25 (0.93%) between high and low. For the last week, the stock has had daily average volatility of 1.08%.
Our recommended stop-loss: $25.96 (-4.14%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 2 day(s) ago.)
1.08 %Average volatility
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ZSL Stock Evaluation
ProShares UltraShort Silver ETF holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate candidate.
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