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Technical Sentiment Analysis for ProShares UltraShort Bloomberg Crude Oil (SCO). As of 2026-03-02, ProShares UltraShort Bloomberg Crude Oil (SCO) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 15 technical signals, shows that 5 indicators are flashing buy, while 10 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SCO stands at 27.95, which suggests a Buy condition. Meanwhile, the MACD (12, 26) indicator is at -0.9, providing a Sell signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 12.71 and the Commodity Channel Index (CCI) at -200.6 further confirm a -3.26 outlook for the ETF.
Support, Resistance & Moving Averages. From a structural perspective, SCO is trading below its 60-day moving average of $17.54 and below its 200-day long-term moving average of $17.76. Key price levels to watch include the immediate resistance at $16.53 and strong support at $12.55. A break above $16.53 could signal a bull continuation, while falling below $12.55 may test the next Fibonacci floor at $10.56.
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 8.58 | 10.56 | 12.55 | 14.54 | 16.53 | 18.51 | 20.5 |
| Fibonacci | 10.56 | 12.08 | 13.02 | 14.54 | 16.05 | 16.99 | 18.51 |
2026-03-02
| Name | Value |
|---|---|
| Relative Strength Index (RSI) | 27.95 |
| Stochastic Oscillator | 12.71 |
| Stochastic RSI | 16.55 |
| Commodity Channel Index (CCI) | -200.6 |
| Awesome Oscillator | -1.89 |
| Momentum | -3.26 |
| MACD | -0.9 |
2026-03-02
| Period | Simple | Signal |
|---|---|---|
| 5-Day | 14.17 | Sell |
| 10-Day | 14.54 | Sell |
| 20-Day | 15.2 | Sell |
| 60-Day | 17.54 | Sell |
| 200-Day | 17.76 | Sell |
| 250-Day | 18.13 | Sell |