Keltner Channels in Focus for ProShares UltraShort MSCI Brazil Capped (:BZQ): 20 Day Upper Keltner Reaches 32.122837

Even though the stock market can seem erratic and unpredictable, investors may be able to take some steps to help combat the chaos. One thing that investors have the ability to do is create an overall plan and stick to it. This may be one of the single most important factors in achieving success in the stock market. Of course, if something doesn’t seem to be working over an extended period of time, then maybe some action may need to be taken and the plan should be adjusted. Scrapping a plan too early may bring about a lot of unnecessary worry and confusion. Staying disciplined and keeping the proper perspective might help the investor better position themselves on the front lines. 

Traders focusing on technical analysis may be interested in following the Awesome Oscillator level on shares of ProShares UltraShort MSCI Brazil Capped (:BZQ). Currently, the reading is -5.7298822. Typically, when the Awesome Oscillator moves above the zero line, this would indicate that the short term momentum is rising quicker than the long term momentum. A cross below the zero line would indicate that short term momentum is dropping faster than the long term momentum.

Traders following shares of ProShares UltraShort MSCI Brazil Capped (:BZQ) may have noted that the stock most recently closed at 27.95. Going back a full-year, the stock has seen a change of -33.045563 over that stretch. Taking the focus in to more recent action, shares have seen a move of -9.438858 over the last week. Over the prior month, the stock has moved -26.987448. Over the past three months, the stock has moved -24.089178.

Tracking the Hull Moving Average, we note that the current level is 27.732922. The Hull Moving Average was introduced by Alan Hull. Swing traders often use this indicator in combination with other signals in order to help identify possible entry and exit spots.

Many traders will look to optimize stock trades by using various technical indicators. The Ichimoku Cloud indicator is highly flexible and is commonly used in conjunction with the RSI to help confirm momentum and overall trends. Let’s focus on a few different Ichimoku readings:

Ichimoku Cloud Base Line: 33.73
Ichimoku Cloud Conversion Line: 28.98
Ichimoku Lead 1: 36.59255
Ichimoku Lead 2: 36.165

Tracking some one month stock pivot points for ProShares UltraShort MSCI Brazil Capped (:BZQ), we note that the Classic Pivot is 31.5853, the Classic resistance 1 is 34.1047, and the Classic support 1 is presently 26.9906. The Fibonacci one month pivot is 31.5853 while the Fibonacci support 1 pivot is 28.867714, and the Fibonacci support 2 is 27.188786. Looking at one month Woodie pivot, we note the level at 30.991474. The
Woodie support 1 pivot is 25.80295, and the Woodie resistance 1 pivot is 32.91705.

Expanding the technical focus for ProShares UltraShort MSCI Brazil Capped (:BZQ), we see that the Keltner Channels 20 day upper band is 32.122837, and the 20 day lower band is30.062298. The Keltner Channels indicator is similar to Bollinger Bands and Moving Average Envelopes.

There are multiple moving average indicators that traders may rely on when conducting stock research. One of the most popular is the Simple Moving Average. The SMA is unweighted, meaning that each period in the set of data is weighted equally. Looking at some SMA levels, we can see that the 10 day is 29.01175, the 20 day is 31.65896, and the 30 day is 33.66627. Tracking some other time periods, we note that the 50 day SMA is 34.757504 , the 100 day is 35.01422 , and the 200 day SMA is currently 43.001175.

Individual investors may tend to become more bullish at market tops and more bearish at the bottoms. This goes against the buy low sell high mantra that is widely preached in the investing community. The two emotions that come into play here are greed and fear. Investors tend to get greedy when they see stocks flying to new highs. It can be very tempting to get in on a name that has been running hot for a time. On the other side of the coin, investors often get fearful when the market is tanking. The fear of losing becomes prevalent when this occurs, and investors may be tempted to sell like the rest. Although this goes against logic, many investors will still end up buying high and selling low.