


Technical Sentiment Analysis for ProShares UltraShort Bloomberg Crude Oil (SCO). As of 2026-05-07, ProShares UltraShort Bloomberg Crude Oil (SCO) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 9 technical signals, shows that 2 indicators are flashing buy, while 7 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SCO stands at 43.68, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -0.6, providing a Sell signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 32.37 and the Commodity Channel Index (CCI) at -12.28 further confirm a -0.03 outlook for the ETF.
Support, Resistance & Moving Averages. From a structural perspective, SCO is trading below its 60-day moving average of $9.67 and below its 200-day long-term moving average of $15.45. Key price levels to watch include the immediate resistance at $7.52 and strong support at $6.1. A break above $7.52 could signal a bull continuation, while falling below $6.1 may test the next Fibonacci floor at $5.38.
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 4.68 | 5.38 | 6.1 | 6.8 | 7.52 | 8.22 | 8.94 |
| Fibonacci | 5.38 | 5.93 | 6.26 | 6.8 | 7.35 | 7.68 | 8.22 |
2026-05-07
| Name | Value |
|---|---|
| Relative Strength Index (RSI) | 43.68 |
| Stochastic Oscillator | 32.37 |
| Stochastic RSI | 18.46 |
| Commodity Channel Index (CCI) | -12.28 |
| Awesome Oscillator | -0.91 |
| Momentum | -0.03 |
| MACD | -0.6 |
2026-05-07
| Period | Simple | Signal |
|---|---|---|
| 5-Day | 6.69 | Buy |
| 10-Day | 6.81 | Buy |
| 20-Day | 7.3 | Sell |
| 60-Day | 9.67 | Sell |
| 200-Day | 15.45 | Sell |
| 250-Day | 15.99 | Sell |