ProShares Equities for Rising Rates ETF (NASDAQ:EQRR) Dropped -0.6% – Here’s Why

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In its latest trading session, ProShares Equities for Rising Rates ETF (NASDAQ:EQRR) dropped by -0.6% – here is what that looked like (as of 2019-12-26):

What’s the reason for these moves? To have a greater insight of what is happening, We ought to analyze some technical indicators. The most interesting and telling are these ones:

A Money Flow Index (MFI) of 100.0, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of 100.0, a Moving Average Convergence Divergence (MACD) of 0.006, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.398, an Accumulation/Distribution Index (ADI) of 0.398, an On-Balance Volume (OBV) of 43.89, and a Chaiikin Money Flow (CMF) of 43.84. 0.143

Now let’s plug these indicators in. Consulting Trading View, this is what it all means:

So when putting all the technical indicators together, this is what you get. And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.