ProShares UltraShort S&P500 (SDS)

ProShares UltraShort S&P500 is trading at $54.12, up 1.11% on the session. The 50 day average sits at $56.90 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 35.4, which reads as weak, and MACD is bearish crossover. Volume is below average.

The nearest support is around $52.77 with resistance near $57.97, so that band frames the current range. Average daily movement is roughly $1.12, or about 2.1% of the share price, which is what any stop placement has to allow for. The overall health score of 42 out of 100 combines a trend score of 28, momentum of 27 and a risk score of 85.

The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the Daily Target. The index is designed to measure the performance of 500 of the largest companies listed and domiciled in the U.S. Under normal circumstances, the fund will obtain inverse leveraged exposure to at least 80% of its total assets in components of the index or in instruments with similar economic characteristics. The fund is non-diversified.