


Technical Sentiment Analysis for ProShares UltraShort Bloomberg Crude Oil (SCO). As of 2026-04-16, ProShares UltraShort Bloomberg Crude Oil (SCO) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 10 technical signals, shows that 1 indicators are flashing buy, while 9 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SCO stands at 34.3, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -0.84, providing a Sell signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 28.05 and the Commodity Channel Index (CCI) at -102.23 further confirm a -1.07 outlook for the ETF.
Support, Resistance & Moving Averages. From a structural perspective, SCO is trading below its 60-day moving average of $11.98 and below its 200-day long-term moving average of $16.19. Key price levels to watch include the immediate resistance at $8.64 and strong support at $7.31. A break above $8.64 could signal a bull continuation, while falling below $7.31 may test the next Fibonacci floor at $6.69.
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 5.98 | 6.69 | 7.31 | 8.02 | 8.64 | 9.35 | 9.97 |
| Fibonacci | 6.69 | 7.2 | 7.51 | 8.02 | 8.53 | 8.84 | 9.35 |
2026-04-16
| Name | Value |
|---|---|
| Relative Strength Index (RSI) | 34.3 |
| Stochastic Oscillator | 28.05 |
| Stochastic RSI | 27.27 |
| Commodity Channel Index (CCI) | -102.23 |
| Awesome Oscillator | -1.32 |
| Momentum | -1.07 |
| MACD | -0.84 |
2026-04-16
| Period | Simple | Signal |
|---|---|---|
| 5-Day | 7.83 | Sell |
| 10-Day | 7.94 | Sell |
| 20-Day | 8.08 | Sell |
| 60-Day | 11.98 | Sell |
| 200-Day | 16.19 | Sell |
| 250-Day | 16.83 | Sell |