PROSHARES ULTRASHORT BLOOMBE (SCO) Stock Technical Analysis
NYSEARCA:SCO - NYSE Arca - US74347Y7976 - ETF - Currency: USD
Taking everything into account, SCO scores 1 out of 10 in our technical rating. SCO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, SCO is a bad performer in the overall market: 71% of all stocks are doing better.
SCO has an average volume of 1642250 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
SCO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SCO is lagging the market.
In the last month SCO has a been trading in the 15.57 - 17.23 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, SCO does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 16.98. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 16.89, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
14.78
19.78
When analyzing the support we can see 2 important areas.
- A support zone ranging from 16.47 to 16.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 14.93 to 14.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 16.98 to 17.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 17.43 to 17.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 19.36 to 19.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.26
Mansfield-0.76
10 Day High17.04
10 Day Low15.77
20 Day High17.24
20 Day Low15.57
52 Week High21.74
52 Week Low14.44
Performance
1 Week2.23%
2 Weeks-0.64%
1 Month7.34%
3 Month-1.68%
6 Month-1.85%
12 Month-8.47%
2 Year-32.71%
3 Year-58.66%
5 Year-96.01%
10 Year-97.79%
15 Year-97.47%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.03
RSI(14)56.27
LBB15.86
UBB17.24
16.97
+0.94 (+5.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg5.86%
1 Week2.23%
2 Weeks-0.64%
1 Month7.34%
3 Month-1.68%
6 Month-1.85%
12 Month-8.47%
2 Year-32.71%
3 Year-58.66%
5 Year-96.01%
10 Year-97.79%
15 Year-97.47%
Volatility
ATR(14)0.54
ATR(20)%3.08%
ATR Inc35.06%
Range Today0.59
ADR(20)0.44
ADR(20)%2.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.26
Mansfield-0.76
10 Day High17.04
10 Day Low15.77
20 Day High17.24
20 Day Low15.57
52 Week High21.74
52 Week Low14.44
CS1 End16.89
CR1 Start16.98
Volume & EV
DER(3)1.17%
DER(5)0.09%
Volume2.29M
Volume Incr-34.15%
Vol(5)1.07M
Vol(50)1.64M