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Users should not base their investment decision upon. is a research service that provides financial data and technical analysis of publicly traded stocks.Īll users should speak with their financial advisor before buying or selling any securities. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate. We, therefore, hold a negative evaluation of this ETF. ProShares Long Online/Short Stores holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. Is ProShares Long Online/Short Stores ETF ETF A Buy? (0.99%), our systems don't find the trading risk/reward intra-dayĪttractive and any bets should be hold until the stock is closer to the support level. Since the stock is closer to the resistance from accumulated volume at $37.50
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If ProShares Long Online/Short Stores ETF takes out the full calculated possible swing range there will be an estimated 5.54% move between the lowest and the highest trading price during the day. Which gives a possible trading interval of +/-$1.03 (+/-2.77%) up or down from last closing price. Trading Expectations For The Upcoming Trading Day Of Monday 25thįor the upcoming trading day on Monday 25th we expect ProShares Long Online/Short Stores ETF to open at $37.32, and during day (based on 14 day Average True Range), We hold a negative evaluation for this stock. For the last week the ETF has had a daily average volatility of 2.16%. During the last day, the ETF moved $0.65 between high and low, or 1.75%. This ETF has average movements during the day, but be aware of low or falling volume as this increases the risk. ProShares Long Online/Short Stores finds support from accumulated volume at $36.85 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested. The very low volume increases the risk and reduces the other technical signals issued. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. Volume fell along with the price during the last trading day which is technical positive. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Further fall is indicated until a new bottom pivot has been found. A sell signal was issued from a pivot top point on Thursday, July 07, 2022, and so far it has fallen -3.69%. Some negative signals were issued as well, and these may have some influence on the near short-term development. A breakdown below any of these levels will issue sell signals. On corrections down, there will be some support from the lines at $36.84 and $36.91. The ProShares Long Online/Short Stores ETF holds buy signals from both short and long-term moving averages giving a positive forecast for the stock, but the ETF has a general sell signal from the relation between the two signals where the long-term average is above the short-term average.
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