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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
$19.74
$0.97(5.17%)
U.S. Market opens in 15h 51m

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 bullish trend on the AMEX, supported by momentum and strong buying pressure.

Overall Sentiment:Buy
Momentum:Bullish (RSI: 62.86)
Trend Strength:Strong (ADX: 34.83)
Volatility:Medium (ATR: 0.90)
Support/Resistance:$14.68 – $19.49 (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): 62.86

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 84.94

Bearish
Overbought levels may trigger pullback.

Williams %R: -11.98

Bearish
Overbought levels may trigger correction.

Rate of Change (ROC): 18.56

Strongly Bullish
Strong upside momentum.

Takeaway:ProShares - UltraShort Bloomberg Crude Oil shows strong bullish momentum, with buyers firmly in control.

Trend & Volatility

MACD: -0.12

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 34.83

Strong
Strong trend, momentum well established.

ATR (14): 0.90

Low
Low volatility, stable price action.

CCI (14): 147.71

Bearish Risk
Bearish risk, overbought levels suggest caution.

Takeaway:ProShares - UltraShort Bloomberg Crude Oil shows weakening trend signals, with bearish pressure building.

Support & Resistance indicators
Bollinger Bands
Upper Band
$19.49
Middle Band (SMA 20)
$17.09
Lower Band
$14.68
Current Position
Above Upper Band

Takeaway:ProShares - UltraShort Bloomberg Crude Oil trades near the upper band, signaling overbought conditions and risk of pullback.

Keltner Channels
Upper Channel
$19.63
Middle Line (EMA 20)
$17.84
Lower Channel
$16.04
Squeeze Status
No Squeeze

Takeaway:ProShares - UltraShort Bloomberg Crude Oil trades near the upper channel, signaling resistance and risk of pullback.

Volume & Money Flow Analysis
On-Balance Volume-81.22M
Money Flow Index63.78Bullish, inflows support continued momentum.
Relative Vigor Index44.31Neutral to Bearish, sellers hold a slight edge.

Overall Takeaway:SCO shows mixed signals in money flow analysis.

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

RSI above 50 → positive momentum from buyers.

ADX above 20 → strong underlying trend.

Price trading above middle Bollinger Band → mid-term support intact.

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

Bearish Signals

Price near upper Bollinger Band → potential resistance and pullback risk.

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