Economy

Tracking Shares of ProShares UltraShort Silver (ZSL) — Market Focus

Investors and Traders using technical analysis to review stocks may be focusing on the ATR or Average True Range. Currently, Allon Therapeutics I (NPCUF) has a 14-day ATR of 0.00.

A widely used tool among technical stock analysts is the moving average. Normal oscillations tend to stay in the range of -100 to +100. Wilder has developed multiple indicators that are still quite popular in today's investing landscape. The general interpretation of the ATR is the higher the ATR value, the higher the volatility. The 14-day ADX for is now 25.37. Employing the use of the moving average for technical equity analysis is still highly popular among traders and investors. The RSI was developed by J. Welles Wilder, and it oscillates between 0 and 100. The RSI may be useful for spotting abnormal price activity and volatility. The Williams %R oscillates in a range from 0 to -100. In general, if the reading goes above -20, the stock may be considered to be overbought. In general, if the reading goes above -20, the stock may be considered to be overbought. On the other hand, a reading of -100 would indicate that the stock is oversold.

ProShares UltraShort Silver (ZSL) presently has a 14-day Commodity Channel Index (CCI) of -63.32. Traders following the indicator may be using the reading to identify a possible sell. The CCI technical indicator can be used to help determine if a stock is overbought or oversold. CCI may also be used to help discover divergences that could possibly signal reversal moves. They may also be used to help the trader figure out reliable support and resistance levels for the stock.

ProShares UltraShort QQQ (QID) are being closely watched by investors as the firm's Mesa Adaptive Moving Average (MAMA) has dipped below the Fractional Adaptive Moving Average (FAMA), indicating that a potential bearish move might be forthcoming. A certain stock may be considered to be on an uptrend if trading above a moving average and the average is sloping upward. On the other side, a stock may be considered to be in a downtrend if trading below the moving average and sloping downward.

ProShares Ultra Dow30 seeks daily investment results that correspond to twice (200%) the daily performance of the Dow Jones Industrial Average (DJIA). ADX is used to gauge trend strength but not trend direction. ADX calculations are made based on the moving average price range expansion over a specified amount of time. The ADX is typically plotted along with two other directional movement indicator lines, the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI).

Introduced in 2008 by Douglas Schaff, the conecpt of the Schaff Trend Cycle (STC) is to identify peaks and lows and predict reversals by running through a cycle oscillator, creating an effective indicator for entry and exit signals, when used in conjuction with additional signals. Many technical chart analysts believe that an ADX value over 25 would suggest a strong trend.

ProShares UltraShort QQQ (QID) are in trader's focus this week as the Schaff Trend Cycle indicator has trending lower consistently over the past week. A value of 50-75 would signal a very strong trend, and a value of 75-100 would indicate an extremely strong trend.



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