SCO

Technical Sentiment Analysis for ProShares UltraShort Bloomberg Crude Oil (SCO). As of 2026-03-04, 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 24.81, which suggests a Buy condition. Meanwhile, the MACD (12, 26) indicator is at -1.1, providing a Sell signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 12.44 and the Commodity Channel Index (CCI) at -187.48 further confirm a -2.8 outlook for the ETF.

Support, Resistance & Moving Averages. From a structural perspective, SCO is trading below its 60-day moving average of $17.33 and below its 200-day long-term moving average of $17.68. Key price levels to watch include the immediate resistance at $15.57 and strong support at $11.9. A break above $15.57 could signal a bull continuation, while falling below $11.9 may test the next Fibonacci floor at $9.93.