If to be precise, 5 SMA of midpoints is subtracted from 34 SMA of midpoints which allows to see the market momentum. The oscillator changes from green (upward movement) to red (downward movement) and back to green again. Checking on another technical indicator, the 14-day RSI is now sitting at 32.89, the 7-day rests at 18.93, and the 3-day is presently at 15.64. The Average True Range is widely used metric that helps gauge the volatility of a particular stock. The RSI was developed by J. Welles Wilder, and it oscillates between 0 and 100. Wilder has developed multiple indicators that are still quite popular in today's investing landscape.
The ETF is -51.16% of its 52-Week High and -3.26% of its low, and is now having ATR of 1.04. Ultrashort FTSE China 25 Proshares (FXP)'s Williams Percent Range or 14 day Williams %R now sits at -98.60. Ultrashort Technology Proshares (REW) now has a 14 day Williams %R of -98.86. The Williams %R fluctuates between 0 and -100 measuring whether a security is overbought or oversold. Ultrashort Gold Miner Proshares (GDXS)'s Williams %R presently stands at -33.97. Alternately, if the indicator goes below -80, this may point to the stock being oversold. The ADX is typically used along with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) which point to the direction of the trend. Generally speaking, a rising ADX line means that an existing trend is gaining strength. The ADX is typically used in conjunction with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to help spot trend direction as well as trend strength. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a specific period of time. At the time of writing, the 14-day ADX for Ultrashort FTSE China 25 Proshares (FXP) is 17.89. Many technical analysts believe that an ADX value over 25 would suggest a strong trend. A reading between 0 and -20 would indicate an overbought situation. A value of 50-75 would signal a very strong trend, and a value of 75-100 would indicate an extremely strong trend.
Moving averages have the ability to be used as a powerful indicator for technical stock analysis.
ProShares UltraShort Russell2000 seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the Russell 2000 Index (the Index). The CCI was created to typically stay within the reading of -100 to +100. A CCI reading above +100 would imply that the stock is overbought and possibly ready for a correction. The CCI technical indicator can be used to help determine if a stock is overbought or oversold.
Over the course of the day 8,051 shares traded hands, as compared to an average volume of 884,170 over the last 30 days for ProShares UltraShort Russell2000 (NYSEARCA:TWM). In terms of Relative Strength Index, the 14-day RSI is now sitting at 37.57, the 7-day is 30.32, and the 3-day is spotted at 19.13. Since its inception, RSI has remained very popular with traders and investors. The RSI operates in a range-bound area with values between 0 and 100. Conducting thorough fundamental research on stocks even after they have broken out may help the investor understand the reason behind the move, and whether it is likely to continue or if it is just a temporary spike. The opposite is the case when the RSI line is heading lower. The RSI is computed base on the speed and direction of a stock's price movement. Interested traders may be keeping an eye on the Williams Percent Range or Williams %R. An RSI reading over 70 would be considered overbought, and a reading under 30 would indicate oversold conditions. Moving averages may also function well as a tool for determining support and resistance levels.