


Technical Sentiment Analysis for ProShares UltraShort Bloomberg Crude Oil (SCO). As of 2026-03-24, ProShares UltraShort Bloomberg Crude Oil (SCO) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 13 technical signals, shows that 4 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 26.26, which suggests a Buy condition. Meanwhile, the MACD (12, 26) indicator is at -1.84, providing a Sell signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 13.37 and the Commodity Channel Index (CCI) at -76.98 further confirm a -1.93 outlook for the ETF.
Support, Resistance & Moving Averages. From a structural perspective, SCO is trading below its 60-day moving average of $14.89 and below its 200-day long-term moving average of $16.92. Key price levels to watch include the immediate resistance at $10.13 and strong support at $7.25. A break above $10.13 could signal a bull continuation, while falling below $7.25 may test the next Fibonacci floor at $6.03.
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 4.37 | 6.03 | 7.25 | 8.91 | 10.13 | 11.79 | 13.01 |
| Fibonacci | 6.03 | 7.13 | 7.81 | 8.91 | 10.01 | 10.69 | 11.79 |
2026-03-24
| Name | Value |
|---|---|
| Relative Strength Index (RSI) | 26.26 |
| Stochastic Oscillator | 13.37 |
| Stochastic RSI | 9.96 |
| Commodity Channel Index (CCI) | -76.98 |
| Awesome Oscillator | -4.29 |
| Momentum | -1.93 |
| MACD | -1.84 |
2026-03-24
| Period | Simple | Signal |
|---|---|---|
| 5-Day | 8.2 | Buy |
| 10-Day | 8.48 | Sell |
| 20-Day | 10.43 | Sell |
| 60-Day | 14.89 | Sell |
| 200-Day | 16.92 | Sell |
| 250-Day | 17.56 | Sell |