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ProShares - UltraShort Bloomberg Crude Oil

SCO Technical Analysis Summary (AMEX)

Analyze SCO on the AMEX with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

SCO●AMEX
Financial ServicesAsset Management - Leveraged
$23.61
$0.13(0.55%)
U.S. Market opens in NaNh NaNm

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

SCO Technical Analysis Summary (AMEX)

ProShares - UltraShort Bloomberg Crude Oil (AMEX: SCO) stock currently shows a neutral trend on the AMEX, supported by momentum and balanced buying pressure.

Overall Sentiment:Neutral
Momentum:Bearish to Weak (RSI: 35.16)
Trend Strength:Weak (ADX: 19.07)
Volatility:High (ATR: 1.33)
Support/Resistance:$22.56 – $31.36 (Bollinger Bands)

Technical conditions suggest ProShares - UltraShort Bloomberg Crude Oil on the AMEX is awaiting a decisive move. Overall, ProShares - UltraShort Bloomberg Crude Oil remains neutral, with indicators showing mixed momentum.

Momentum Indicators

RSI (14): 35.16

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 4.55

Bullish
Oversold zone signals rebound potential.

Williams %R: -97.78

Bullish
Oversold zone suggests rebound potential.

Rate of Change (ROC): -18.65

Strongly Bearish
Sharp downside momentum.

Takeaway:ProShares - UltraShort Bloomberg Crude Oil shows strong bearish momentum, signaling downside pressure.

Trend & Volatility

MACD: -1.37

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 19.07

Weak
Weak trend, market trading sideways.

ATR (14): 1.33

Low
Low volatility, stable price action.

CCI (14): -104.20

Bearish
Bearish, oversold conditions may spark rebound.

Takeaway:ProShares - UltraShort Bloomberg Crude Oil shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$31.36
Middle Band (SMA 20)
$26.96
Lower Band
$22.56
Current Position
Within Bands

Takeaway:ProShares - UltraShort Bloomberg Crude Oil trades closer to support, showing weaker momentum within bands.

Keltner Channels
Upper Channel
$29.04
Middle Line (EMA 20)
$26.39
Lower Channel
$23.74
Squeeze Status
No Squeeze

Takeaway:ProShares - UltraShort Bloomberg Crude Oil trades near the lower channel, signaling strong support and possible rebound.

Volume & Money Flow Analysis
On-Balance Volume50.43M
Money Flow Index33.01Bearish, selling pressure outweighs inflows.
Relative Vigor Index35.00Bearish, price momentum favors sellers.

Overall Takeaway:SCO shows bearish money flow, with sellers dominating volume and vigor.

Technical Trading Signals Summary
Based on the current technical analysis of ProShares - UltraShort Bloomberg Crude Oil (AMEX: SCO), here are the key trading signals and recommendations:

Bullish Signals

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

MACD below signal line → short-term caution on momentum.

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Technical indicators for ProShares - UltraShort Bloomberg Crude Oil are mixed, suggesting a Hold or wait-and-see approach.

(AMEX: SCO) Technical Analysis FAQ